CARBON EMISSIONS AND ECONOMIC GROWTH IN NIGERIA

CARBON EMISSIONS AND ECONOMIC GROWTH IN NIGERIA

Author by Mrs. Iyabo Okedina

Journal/Publisher: Hezekiah University Journal Of Management And Social Sciences

Volume/Edition: 7

Language: English

Pages: 128 - 141

Abstract

This study tests the environemtal kuznet curve (EKC) hypothesis to find evidence of an inverted-U realtinship between carbon emissions and economic growth in Nigeria, from 1980-2016 Annual timeseries data was gotten from world development index (WDI).There is an inverted U relationship or a turning point is reached when EKC hypothesis is accepted. The ekc is accepted if there is a positive relationship between GDP and CO2 on the short run and a negative relationship between CO2 and GDP on the long run. The findings shows that Nigeria has not reached a turning point in its level of carbon emissions as economic growth increases. Nigeria is still at the initial stage of growth where carbon emissions accelerate as growth increases. There is need for policiesthat will broaden the use of renewable energy such as solar, wind energy as energy sources in meeting the energy needs of the fast growing population in Nigeria. There is need to ensure that imported vehicles into Nigeria must meet emission standards to reduce carbon emissions from road transportation. These policies will be instrumental in creating a turning point in carbon emission growth in Nigeria other wise higher carbon emissions will pose higher risk of future climate change impact in Nigeria and to the rest of the world.


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