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Green investment and its transformative impact on energy use in agriculture: A holistic approach towards carbon dioxide emissions

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  • Obuobi, Bright
  • Zhang, Yifeng

Abstract

The extensive use of non-renewable energy sources in agriculture and associated unsustainable practices have contributed greatly to climate change issues. Africa's lack of green initiatives has exacerbated environmental pollution in the last decade. In that regard, this study investigates the transformative impact of green investment on carbon emissions in agriculture fueled by dependency on non-renewable energy use in the sector. It utilizes advanced econometric techniques, including dynamic ordinary least squares, fully modified ordinary least squares, and the causality tests to conduct a rigorous analysis. The findings reveal a concerning rise in agricultural pollution via crop and livestock production. However, green investment is found to have a positive impact on carbon dioxide emissions, hence a potent tool for significantly reducing carbon emissions. The causality analysis unveils a bidirectional causal relationship between green investment and agricultural pollution and a unidirectional causality between green investment and carbon emissions, shedding light on the complex interplay between these variables. Also, non-renewable energy is found to increase carbon emissions in the region. The outcomes of this research contribute valuable insights and lay a foundation for future research and policymakers to enhance the future of agricultural research and sustainability. It also offers a roadmap for developing effective policies that balance the immediate needs of the agricultural sector with the imperative of long-term environmental sustainability. Finally, it has a global significance on the relevance of green initiatives to boost sustainable agriculture and reduce pollution.

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  • Obuobi, Bright & Zhang, Yifeng, 2024. "Green investment and its transformative impact on energy use in agriculture: A holistic approach towards carbon dioxide emissions," Energy, Elsevier, vol. 309(C).
    • Handle: RePEc:eee:energy:v:309:y:2024:i:c:s0360544224028500
    DOI: 10.1016/j.energy.2024.133075
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