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Fossil Fuel Energy Consumption and CO2 Emissions in Nigeria

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  • Nura Sani Yahaya
  • Hadiza Nasir Iro
  • Sunusi Kabiru

Abstract

This study examined the influence of fossils fuel energy consumption, economic growth, financial development, and FDI in Nigeria. The study applies the ARDL technique over the period from 1981-2014. Result of the bound test indicates that the variables are cointegrated. The estimates of the short-run result reveal that all the variable are positive and significant in explaining Carbon dioxide emissions. The long-run analysis shows that FFC, GDP, and FD increased CO2 emissions. The study suggests that the policymakers in Nigeria should embark policies on efficient energy use that simultaneously promotes economic growth and environmental quality through the use of other forms of renewable energy like solar, and wind.

Suggested Citation

  • Nura Sani Yahaya & Hadiza Nasir Iro & Sunusi Kabiru, 2019. "Fossil Fuel Energy Consumption and CO2 Emissions in Nigeria," Academic Journal of Economic Studies, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 5(2), pages 173-178, June.
    • Handle: RePEc:khe:scajes:v:5:y:2019:i:2:p:173-178
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    References listed on IDEAS

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    Cited by:

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    More about this item

    Keywords

    CO2 emissions; Fossil fuel consumption; financial development; GDP; ARDL;
    All these keywords.

    JEL classification:

    • Q52 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Pollution Control Adoption and Costs; Distributional Effects; Employment Effects
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

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