Assessment of energy efficiency investment in Onitsha business cluster, Nigeria
International Journal of Energy Sector Management
ISSN: 1750-6220
Article publication date: 6 January 2023
Issue publication date: 16 November 2023
Abstract
Purpose
This paper empirically assesses energy efficiency (EE) adoption among firms by examining the factors that drive investment in EE in the Onitsha plastic cluster, South-East, Nigeria.
Design/methodology/approach
Self-administered questionnaires were delivered to the selected enterprises. A total of 450 questionnaires were administered of which 423 were certified valid and used for the analysis. A Heckit model was developed and estimated.
Findings
Gender, firm size, Joneses effect and expected cost reduction benefits are the significant determinants of EE investment. However, firm structure, government incentives, regulatory requirements and reduction of carbon emission are insignificant drivers of EE investment decisions in the Onitsha plastic cluster.
Originality/value
This paper presents a foremost attempt at analysing the determinants of energy investment in a cluster in Nigeria.
Keywords
Acknowledgements
The paper benefited from the critical inputs of the participants of the 11th International Conference of the Nigeria Association of Energy Economics held in Abuja from 22nd–24th April 2018, and Seminar organised by the Department of Economics, Nnamdi Azikiwe University Awka on the 26th June, 2019. The editors and reviewers of this journal are also commended for their detailed insights.
Citation
Dimnwobi, S.K., Nwokoye, E.S., Igbanugo, C.I., Ekesiobi, C.S. and Asongu, S.A. (2023), "Assessment of energy efficiency investment in Onitsha business cluster, Nigeria", International Journal of Energy Sector Management, Vol. 17 No. 6, pp. 1232-1251. https://doi.org/10.1108/IJESM-11-2021-0012
Publisher
:Emerald Publishing Limited
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