IDEAS home Printed from https://ideas.repec.org/a/eco/journ2/2021-04-9.html
   My bibliography  Save this article

Energy Absorption, CO2 Emissions and Economic Growth Sustainability in Nigeria

Author

Listed:
  • Cordelia Onyinyechi Omodero

    (Department of Accounting, College of Management and Social Sciences, Covenant University Ota, Ogun State, Nigeria.)

  • Uwuigbe Uwalomwa

    (Department of Accounting, College of Management and Social Sciences, Covenant University Ota, Ogun State, Nigeria.)

Abstract

Economic growth sustainability and environmental preservation have become a topical issue. This study emanates from the need to assess the starring role of energy ingestion in guaranteeing sustainable economic progression in Nigeria. The study investigates the influence of energy consumption and carbon dioxide emission on the economic growth of Nigeria from 2008 to 2019. In this study, we employ the multiple regression techniques to assess the impact of Electricity, CO2, primary energy and total labour force on GDP. Various indicative checks show that the model is appropriate and error-free. Out of the four energy sources examined, Electricity is found inconsequential in affecting the economic growth of Nigeria. The CO2 emission is positively significant, implying that the economy is growing with a high level of pollution in the environment. The primary energy consumption put forth a substantial harmful effect on economic progress, while the total labour force has a strong significant affirmative impression on fiscal progression. The study suggests the use of renewable energy to preserve the environment and sustain economic growth in the country.

Suggested Citation

  • Cordelia Onyinyechi Omodero & Uwuigbe Uwalomwa, 2021. "Energy Absorption, CO2 Emissions and Economic Growth Sustainability in Nigeria," International Journal of Energy Economics and Policy, Econjournals, vol. 11(4), pages 69-74.
    • Handle: RePEc:eco:journ2:2021-04-9
    as

    Download full text from publisher

    File URL: https://www.econjournals.com/index.php/ijeep/article/download/11055/5885
    Download Restriction: no
    File URL: https://www.econjournals.com/index.php/ijeep/article/view/11055/5885
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Marula Tsagkari, 2020. "Local Energy Projects on Islands: Assessing the Creation and Upscaling of Social Niches," Sustainability, MDPI, vol. 12(24), pages 1-18, December.
    2. Lawrence U. Okoye & Alexander E. Omankhanlen & Johnson I. Okoh & Ngozi B. Adeleye & Felix N. Ezeji & Gideon K. Ezu & Benjamin I. Ehikioya, 2021. "Analyzing the Energy Consumption and Economic Growth Nexus in Nigeria," International Journal of Energy Economics and Policy, Econjournals, vol. 11(1), pages 378-387.
    3. Muhammad Kamran Khan & Muhammad Imran Khan & Muhammad Rehan, 2020. "The relationship between energy consumption, economic growth and carbon dioxide emissions in Pakistan," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 6(1), pages 1-13, December.
    4. Lasbrey Anochiwa & Oguwuike Michael Enyoghasim & Kalu E. Uma & C. Paul Obidike & Iyke Uwazie Uwazie & Ikwor Okoroafor Ogbonnaya & O. Richard Ojike & Clara Kelechi Anyanwu, 2020. "Energy Consumption and Economic Growth Nexus in Nigeria: Evidence based on ARDL Bound Test Approach," International Journal of Energy Economics and Policy, Econjournals, vol. 10(6), pages 713-721.
    5. Nguyen Minh Ha & Bui Hoang Ngoc & Michael Mcaleer, 2020. "Financial Integration, Energy Consumption And Economic Growth In Vietnam," Annals of Financial Economics (AFE), World Scientific Publishing Co. Pte. Ltd., vol. 15(03), pages 1-19, September.
    6. Nguyen Duy Dat & Nguyen Hoang & Mai Thanh Huyen & Dinh Tran Ngoc Huy & Luong Minh Lan, 2020. "Energy Consumption and Economic Growth in Indonesia," International Journal of Energy Economics and Policy, Econjournals, vol. 10(5), pages 601-607.
    7. Cordelia Onyinyechi Omodero, 2019. "Government Sectoral Expenditure and Poverty Alleviation in Nigeria," Research in World Economy, Research in World Economy, Sciedu Press, vol. 10(1), pages 80-90, June.
    8. Ademola Onabote & Ayobami Jolaade & Romanus Osabohien & Oghenetega Otobo & Christian Ede & Victoria Okafor, 2021. "Energy Sustainability, Energy Financing and Economic Growth in Nigeria," International Journal of Energy Economics and Policy, Econjournals, vol. 11(1), pages 433-439.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Eregha, Perekunah Bright & Adeleye, Bosede Ngozi & Ogunrinola, Ifeoluwa, 2022. "Pollutant emissions, energy use and real output in Sub-Saharan Africa (SSA) countries," Journal of Policy Modeling, Elsevier, vol. 44(1), pages 64-82.
    2. Ahmad Farabi & Zamroni & Dini Oktarina Dwi Handayani & Rahmat Heru Setianto, 2024. "Sustainable Development in Indonesia: A Study of Energy Consumption, CO2 Emissions, FDI, and Gross Capital Formation," International Journal of Energy Economics and Policy, Econjournals, vol. 14(2), pages 435-446, March.
    3. Nuno Carlos Leitão, 2021. "Testing the Role of Trade on Carbon Dioxide Emissions in Portugal," Economies, MDPI, vol. 9(1), pages 1-15, February.
    4. Qu, Fang & Chen, Yufeng & Zheng, Biao, 2021. "Is new energy driven by crude oil, high-tech sector or low-carbon notion? New evidence from high-frequency data," Energy, Elsevier, vol. 230(C).
    5. Aamir Javed & José Alberto Fuinhas & Agnese Rapposelli, 2023. "Asymmetric Nexus between Green Technology Innovations, Economic Policy Uncertainty, and Environmental Sustainability: Evidence from Italy," Energies, MDPI, vol. 16(8), pages 1-20, April.
    6. Feng, Yanchao & Sabir, Saeed Ahmad & Quddus, Abdul & Wang, Jianxin & Abbas, Shujaat, 2024. "Do the grey clouds of geopolitical risk and political globalization exacerbate environmental degradation? Evidence from resource-rich countries," Resources Policy, Elsevier, vol. 89(C).
    7. Janusz Myszczyszyn & Błażej Suproń, 2022. "Relationship among Economic Growth, Energy Consumption, CO 2 Emission, and Urbanization: An Econometric Perspective Analysis," Energies, MDPI, vol. 15(24), pages 1-18, December.
    8. Shujaat Abbas & Hazrat Yousaf & Shabeer Khan & Mohd Ziaur Rehman & Dmitri Blueschke, 2023. "Analysis and Projection of Transport Sector Demand for Energy and Carbon Emission: An Application of the Grey Model in Pakistan," Mathematics, MDPI, vol. 11(6), pages 1-14, March.
    9. Sailian Xia & Daming You & Zhihua Tang & Bo Yang, 2021. "Analysis of the Spatial Effect of Fiscal Decentralization and Environmental Decentralization on Carbon Emissions under the Pressure of Officials’ Promotion," Energies, MDPI, vol. 14(7), pages 1-21, March.
    10. Daiva Makutėnienė & Algirdas Justinas Staugaitis & Bernardas Vaznonis & Gunta Grīnberga-Zālīte, 2023. "The Relationship between Energy Consumption and Economic Growth in the Baltic Countries’ Agriculture: A Non-Linear Framework," Energies, MDPI, vol. 16(5), pages 1-22, February.
    11. Kelvan Darrian & Yohanes B. Kadarusman & Dandy Rafitrandi, 2023. "Energy and Economic Growth Nexus: A Long-run Relationship in Indonesia," Economics and Finance in Indonesia, Faculty of Economics and Business, University of Indonesia, vol. 69, pages 1-14, Juni.
    12. Sultan Salem & Noman Arshed & Ahsan Anwar & Mubasher Iqbal & Nyla Sattar, 2021. "Renewable Energy Consumption and Carbon Emissions—Testing Nonlinearity for Highly Carbon Emitting Countries," Sustainability, MDPI, vol. 13(21), pages 1-17, October.
    13. Fazal, Rizwan & Rehman, Syed Aziz Ur & Bhatti, M. Ishaq, 2022. "Graph theoretic approach to expose the energy-induced crisis in Pakistan," Energy Policy, Elsevier, vol. 169(C).
    14. Chimere O. Iheonu & Ogochukwu C. Anyanwu & Obinna K. Odo & Solomon Prince Nathaniel, 2021. "Does Economic Growth, International Trade and Urbanization uphold Environmental Sustainability in sub-Saharan Africa? Insights from Quantile and Causality Procedures," Working Papers 21/003, European Xtramile Centre of African Studies (EXCAS).
    15. Maxwell Kongkuah & Hongxing Yao & Veli Yilanci, 2022. "The relationship between energy consumption, economic growth, and CO2 emissions in China: the role of urbanisation and international trade," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 24(4), pages 4684-4708, April.
    16. Nabila Abid & Jianzu Wu & Fayyaz Ahmad & Muhammad Umar Draz & Abbas Ali Chandio & Hui Xu, 2020. "Incorporating Environmental Pollution and Human Development in the Energy-Growth Nexus: A Novel Long Run Investigation for Pakistan," IJERPH, MDPI, vol. 17(14), pages 1-22, July.
    17. Irfan Khan & Fujun Hou, 2021. "The Impact of Socio-economic and Environmental Sustainability on CO2 Emissions: A Novel Framework for Thirty IEA Countries," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 155(3), pages 1045-1076, June.
    18. Wang, Zhaohua & Zhao, Wenhui & Deng, Nana & Zhang, Bin & Wang, Bo, 2021. "Mixed data-driven decision-making in demand response management: An empirical evidence from dynamic time-warping based nonparametric-matching DID," Omega, Elsevier, vol. 100(C).
    19. Adekoya, Oluwasegun B. & Oliyide, Johnson A. & Fasanya, Ismail O., 2022. "Renewable and non-renewable energy consumption – Ecological footprint nexus in net-oil exporting and net-oil importing countries: Policy implications for a sustainable environment," Renewable Energy, Elsevier, vol. 189(C), pages 524-534.
    20. Abbasi, Kashif Raza & Hussain, Khadim & Haddad, Akram Masoud & Salman, Asma & Ozturk, Ilhan, 2022. "The role of Financial Development and Technological Innovation towards Sustainable Development in Pakistan: Fresh insights from consumption and territory-based emissions," Technological Forecasting and Social Change, Elsevier, vol. 176(C).

    More about this item

    Keywords

    Energy consumption; CO2; Electricity; primary energy; labour force; sustainable economic growth.;
    All these keywords.

    JEL classification:

    • J82 - Labor and Demographic Economics - - Labor Standards - - - Labor Force Composition
    • L71 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Mining, Extraction, and Refining: Hydrocarbon Fuels
    • L72 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Mining, Extraction, and Refining: Other Nonrenewable Resources
    • L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eco:journ2:2021-04-9. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ilhan Ozturk (email available below). General contact details of provider: http://www.econjournals.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.