TY - GEN
T1 - Financial Support for Renewable Energy in Rural Communities in South Africa
AU - Madia, Mogowe Windsor
AU - Motubatse, Kgobalale Nebbel
AU - Moloi, Tankiso
N1 - Publisher Copyright:
© The Author(s), under exclusive license to Springer Nature Switzerland AG 2026.
PY - 2026
Y1 - 2026
N2 - This study explores the landscape of financial support mechanisms for renewable energy projects in rural communities of South Africa. Renewable energy in these areas plays a crucial role in securing funding and fostering sustainable energy initiatives that enhance energy security, stimulate economic growth, and promote environmental sustainability. The study employed a cointegration approach on time series data sourced from Quantec EasyData, spanning from 2000 to 2024. The data was analysed using EViews 13. The study’s findings indicate that an increase in energy investment with private participation will result in a 0.08% reduction in CO₂ emissions. Similarly, a percentage increase in renewable energy production positively affects CO₂ emissions by 0.6%. Lastly, an increase in innovation regarding access to electricity in rural areas positively impacts CO₂ emissions by 28%. Ultimately, the short-run model exhibits a 78% adjustment to equilibrium. The findings demonstrate that customised financial strategies, coupled with community engagement, are essential to unlocking the potential of renewable energy in rural areas, ultimately contributing to the goals of energy transition and improving the quality of life for underserved populations.
AB - This study explores the landscape of financial support mechanisms for renewable energy projects in rural communities of South Africa. Renewable energy in these areas plays a crucial role in securing funding and fostering sustainable energy initiatives that enhance energy security, stimulate economic growth, and promote environmental sustainability. The study employed a cointegration approach on time series data sourced from Quantec EasyData, spanning from 2000 to 2024. The data was analysed using EViews 13. The study’s findings indicate that an increase in energy investment with private participation will result in a 0.08% reduction in CO₂ emissions. Similarly, a percentage increase in renewable energy production positively affects CO₂ emissions by 0.6%. Lastly, an increase in innovation regarding access to electricity in rural areas positively impacts CO₂ emissions by 28%. Ultimately, the short-run model exhibits a 78% adjustment to equilibrium. The findings demonstrate that customised financial strategies, coupled with community engagement, are essential to unlocking the potential of renewable energy in rural areas, ultimately contributing to the goals of energy transition and improving the quality of life for underserved populations.
KW - Environmental sustainability
KW - Financial support
KW - Renewable energy
KW - South Africa
UR - https://www.scopus.com/pages/publications/105036633946
U2 - 10.1007/978-3-032-13388-5_2
DO - 10.1007/978-3-032-13388-5_2
M3 - Conference contribution
AN - SCOPUS:105036633946
SN - 9783032133878
T3 - Springer Proceedings in Business and Economics
SP - 15
EP - 29
BT - Embracing Technological Agility in Accounting and Business – Vol. 3 - Proceedings of the 6th International Conference of Accounting and Business iCAB, Cape Town 2025
A2 - Moloi, Tankiso
PB - Springer Nature
T2 - 6th International Conference of Accounting and Business, iCAB 2025
Y2 - 19 June 2025 through 20 June 2025
ER -