Determinants of load capacity factor in an emerging economy: The role of green energy consumption and technological innovation

Abstract

Brazil’s ability to provide safe and dependable resources that can assist the nation achieve its goal of becoming carbon neutral by 2060 will have a significant impact on the nation’s sustainable development. Therefore, this study performs ARDL and frequency domain causality tests to evaluate the effect of disintegrated energy, technological innovation and economic growth on load capacity factor in South Africa between 1990 and 2018. The ARDL bounds test affirms a long-run interrelationship between the selected indicators in South Africa. The long-run elasticities show that economic expansion and nonrenewable energy deteriorate ecological quality, while green energy and technological innovation significantly boost ecological quality. The results of the frequency causality show that in the long-term, renewable energy, economic growth, technological innovation and nonrenewable energy Granger cause load capacity factor suggesting that the regressors can forecast the environmental quality in South Africa. Overall, these results demonstrate the significance of renewable energy in the fight against ecological deterioration. According to the aforementioned findings, South Africa’s environmental damage may be greatly reduced by renewable energy.

The role of environmental technologies, institutional quality, and globalization on environmental sustainability in European Union countries: new evidence from advanced panel data estimations

“…Other study findings include environmental technologies for Austria increasing LCF. This finding is consistent with the investigations of Destek and Manga ( 2021 ), Hussain and Dogan ( 2021 ), Sharif et al ( 2022 ), Ahmad et al ( 2022 ), Awosusi et al ( 2022b ), Liu et al ( 2022 ), Aydin et al ( 2023a ), and Apergis et al ( 2023 ). The globalization variable reduces the LCF for Austria.…”

“…Additionally, both short-term and long-term LCF are predicted by technological advancement. Liu et al ( 2022 ) used the ARDL bound test for Brazil with data from 1990 to 2018. They evaluated the impact of technological innovation on the LCF.…”

“…On the other hand, recent studies have focused on the relationship between economic growth and LCF. Some of these studies are from Liu et al ( 2022 ), who used the ARDL bound test for Brazil with data between 1990 and 2018. They evaluated the impact of economic growth on the LCF.…”

Assessing the Environment From Both Supply and Demand Aspects in New Emerging Countries: The LCC and the EKC Approaches

“…Liu et al and Xu et al [45,46] revealed that income growth and non-renewable energy diminish the LCF. Akadiri et al [47] found income growth lessens environmental quality in India.…”

Does foreign direct investment moderate the effect of economic complexity on carbon emissions? Evidence from BRICS nations

“…Economic growth, public-private partnerships and natural resources, on the other hand, lessen ecological quality. Liu et al (2022) conduct empirical research on the consequences of remittances, economic complexity and green energy on CO 2 emissions in 15 Asian countries. The panel quantile regression was used to analyse panel data from 15 Asian nations between 1990 and 2019.…”