This study demonstrates that financial inclusion and energy efficiency significantly reduce energy poverty in developing countries, suggesting effective policy implementations.
Key Points
Financial inclusion reduces energy poverty in developing nations, enhancing access to clean energy.
Key findings reveal that energy efficiency, human capital, and GDP positively affect energy poverty reduction.
Using dynamic common correlated effects and quantile regression methods, analysis was conducted across 45 developing countries.
The study emphasizes the need for policies that improve financial access and governance for sustainable energy solutions.