Analysis of the Dynamic Relationships among Renewable Energy Consumption, Economic Growth, Financial Development, and Carbon Dioxide Emission in Five Sub-Saharan African Countries

This research investigates the relationships among renewable energy consumption, economic growth, and financial development in five sub-Saharan African nations utilizing panel data from 2000 to 2020. Econometric methods are used ascertain existence or absence of cross-sectional dependence short-run long-run connections between following factors: Pesaran (CD) cross-sectionally augmented IPS (CIPS) unit root tests, pooled mean group (PMG), dynamic ordinary least squares (DOLS) estimations. The presence is found represented with CIPS test. No significant relationship variables study, yet a present them. A positive exists CO2 emissions development, while consumption have negative emissions. study also supports scale effect environmental Kuznets curve hypothesis. Additionally, no causality variables, impulse response variance decomposition estimation carried out recommend future effects. Policy implications findings discussed, accompanying suggestions.