Economic Policy Uncertainty, Institutional Quality, and Renewable Energy Transitioning in Nigeria

Abstract

This study examines the influence of economic policy uncertainty as well as the strength of institutions and sustainable policies on renewable energy adoption in Nigeria. Findings reveal heterogeneous effects of short-term economic uncertainty on renewable energy adoption. However, strong institutions and sustainable policies are revealed to consistently promote renewable energy use across the spectrum, same as economic size. Again, multinational corporations exert limited but positive impact on renewable energy transition.