Effect of Renewable Energy Investment Policies on Industrial Productivity in South Africa
DOI:
https://doi.org/10.47941/ijecop.3935Abstract
Purpose: The purpose of this article was to analyze effect of renewable energy investment policies on industrial productivity in South Africa.
Methodology: This study adopted a desk methodology. A desk study research design is commonly known as secondary data collection. This is basically collecting data from existing resources preferably because of its low cost advantage as compared to a field research. Our current study looked into already published studies and reports as the data was easily accessed through online journals and libraries.
Findings: The findings established that digital financial inclusion policies positively influence Household Economic Resilience in Ghana by improving access to savings, mobile money, remittances, credit, and other financial services. These policies enhance households’ ability to manage income shocks, maintain consumption, build financial buffers, and recover from economic difficulties. However, their effectiveness depends on financial literacy, reliable digital infrastructure, affordability, consumer protection, and equitable access to digital financial services.
Unique Contribution to Theory, Practice and Policy: The porter hypothesis, the endogenous growth theory & resource-based view may be used to anchor future studies on the effect of renewable energy investment policies on industrial productivity in South Africa. South African industrial firms should increase investment in solar, wind, energy-storage systems, and other renewable energy technologies to reduce exposure to electricity interruptions and improve production continuity. Policymakers should accelerate investment in electricity transmission and distribution infrastructure so that additional renewable generation can effectively support industrial activities.
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