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Öğe Glasgow climate change conference (COP26) and its implications in sub-Sahara Africa economies(PERGAMON-ELSEVIER SCIENCE LTD, THE BOULEVARD, LANGFORD LANE, KIDLINGTON, OXFORD OX5 1GB, ENGLAND, 2023) Adedoyin, Festus Fatai; Bekun, Festus Victor; Hossain, Md. Emran; Ofori, Elvis Kwame; Gyamfi, Bright Akwasi; Haseki, Murat İsmetAlternative energy has been hailed as a feasible resolution to the environmental degradation and energy problems that have plagued Sub-Saharan Africa (SSA) recently. The expansion of the clean energy sector, on the other hand, relies on economic growth, effective governance, and financial considerations. As a result, it is important to investigate the links between these variables in SSA. This study investigated the influence of economic growth, institutional quality, foreign direct investment (FDI), and financial development on renewable energy at the national threshold in SSA using a two-step difference GMM model based on panel data collected from 2002 to 2019. The outcome shows that economic growth and all three financial development indicators (FD1, FD2 and FD3) have a positive significant relationship with renewable energy. Furthermore, for SSA countries, FDI, as well as all six proxy factors for institutional quality, had a negative significant influence on renewable energy. Our empirical findings propose a variety of policies that might help the renewable energy sector grow.Öğe Green industrial transition: Leveraging environmental innovation and environmental tax to achieve carbon neutrality. Expanding on STRIPAT model(Academic Press Ltd- Elsevier Science Ltd, 2023) Ofori, Elvis Kwame; Li, Jinkai; Gyamfi, Bright Akwasi; Opoku-Mensah, Evans; Zhang, JinAnthropogenic global warming strategies on carbon mitigation are driven by encouraging green innovation and using carbon taxes, yet an empirical model to validate this is non-existing. Moreover, the existing stochastic effects by regression on population, wealth, and technology (STIRPAT) model has been found to lack policy tools on taxes and institutions that cut carbon emissions. This study amends the STIRPAT model with environmental technology, environmental taxes, and strong institutional frameworks to create a new model STIRPART(sto-chastic impacts by regression on population, affluence, regulation, and technology) to understand the factors impacting carbon pollution using the emerging 7 economies. Using data from 2000 to 2020, the Driscoll-Kraay fixed effects are employed in this analysis to conduct evidential tests of the impacts of environmental policies, eco-friendly innovations, and strong institutions. The outcomes indicate that environmental technology, envi-ronmental taxation, and institution quality decrease E7's carbon emissions by 0.170%, 0.080%, and 0.016%, respectively. It is recommended that E7 policymakers should adopt the STIRPART postulate as the theoretical basis for policies favoring environmental sustainability. The key contribution is the amendment of the STIRPAT model and the enhancement of the market-based mechanisms, such as patents, strong institutions, and carbon taxes, to enable environmental policy to be carried out sustainably and cost-effectively.Öğe Synthesizing the role of technological innovation on sustainable development and climate action: Does governance play a role in sub-Saharan Africa?(Elsevier, 2023) Ofori, Elvis Kwame; Ozturk, Ilhan; Bekun, Festus Victor; Alhassan, Abdulkareem; Gimba, Obadiah JonathanThe present study draws motivation from United Nation Sustainable Development Goals (UNSDGs) and its impact by 2030. To this end, the current study explored the nexus between energy consumption (SDG-7), climate action (SDG-13), and economic growth (SDG-8) while controlling for role of government apparatus such as like voice of accountability, rule of law, control of corruption and technology innovation in a balanced panel of 46 Sub-Saharan African (SSA) economies from 1996 to 2020. For a robust study, the present study leverages on secondgeneration estimator such as cross-sectional SUR, two-stage least square (2SLS), 2SLS is referred to as the superior estimators to traditional pool OLS due to its capabilities of including endogenous regressors and efficiency. Empirical findings show that all the coefficients associated with mobile subscription (lnTI) are negative and statistically significant at 1% level of significance (P-value <0.01). This indicates that higher (lower) mobile cellular subscriptions results in the reduction (rise) of renewable energy consumption, implying that technological innovation in terms of the expansion of mobile cellular subscription hinders access to clean energy in SSA. Conclusively, the present study presents interesting outcomes concerning technology innovation, Governance, and SDGs goal 7 (clean energy) and 13 (climate action) in Sub-Saharan African blocs. Policy strategies are outlined in the concluding section.Öğe Taking stock of business strategy and environment (sustainable development): evidence of disparities in research efforts and knowledge gaps - a bibliometric review(Springer Heidelberg, 2023) Ofori, Elvis Kwame; Ali, Ernest Baba; Gyamfi, Bright Akwasi; Agbozo, EbenezerDespite a spike in publications on business strategies focused on environmental awareness subjects in recent years, business-environment nexus research has recently been criticized for failing to address urgent issues like climate change. Therefore, we endeavored to do a trend analysis to find knowledge gaps in business studies related to the interaction between businesses, the environment, and society using bibliometric. Our study reveals that the area of business sustainability has evolved over the past decade from an internal conquest to include external indices like the environment, such as the debate over the relative merits of social and economic performance and the greening of management. Our findings point to three (3) main conclusions. (1) Many corporations see the urgency of green practices and have distinctive organizational sustainability and business strategies for environmental crises. (2) Business strategy and environment research are concentrated within developed countries to the neglect of developing countries. (3).The literature on business sustainability has not yet given much attention to the managerial implications and effects of climate change. Therefore, scholars must test and develop business-environmental nexuses to aid in sustainable production and consumption improvement.