The Connection Amid Economic Advancement and Renewable Energy Usage: An Empirical Evidence from South Africa

Abstract

Objective: The of this study is examining the connection amid economic advancement and renewable energy usage; empirical evidence from South Africa. Method: The ARDL quantitative approach was utilized to analyse the cointegration of the variables, short-run model and the long-run model of the variables covering 1990-2020. Results: following the results, the ARDL long-run model shows an inverse connection of GDP on renewable energy which reduce usage of renewable energy to facilitate growth in the economy. Essentially, import also signifies indirect relationship with renewable due to the fact that South Africa economy is based on other sources of energy such as fossil fuel and natural gas rather than renewable energy. Conclusion: In sum, it is shown that renewable energy signifies negative significant contribution to economic growth in South Africa.