Investigating the Effect of Gross Capital Formation on Carbon Emissions in Somalia

Abdirahman Mohamed Nur, Ahmed Hassan Adan, Ahmed Dahir Ahmed, Ali Abdukadir Ali Gutale, Ali Yassin Sheikh Ali and Mohamed Saney Dalmar
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Abdirahman Mohamed Nur: Department of Economics, Istanbul Ticaret University, Istanbul, Turkey
Ahmed Hassan Adan: Faculty of Economics, Salaam University, Mogadishu, Somalia
Ahmed Dahir Ahmed: Department of Economics, Istanbul Ticaret University, Istanbul, Turkey
Ali Abdukadir Ali Gutale: Faculty of Economics, Salaam University, Mogadishu, Somalia
Ali Yassin Sheikh Ali: Faculty of Economics, Simad University, Mogadishu, Somalia
Mohamed Saney Dalmar: Department of Economics, Universiti Putra Malaysia, Selangor, Malaysia

International Journal of Energy Economics and Policy, 2024, vol. 14, issue 4, 631-641

Abstract: The advent of climate change has evolved into a paramount challenge for humanity, prompting extensive endeavors to mitigate its consequences. This research delves into the influence between gross capital formation (GCF) and carbon dioxide emissions in Somalia, spanning the years 1991-2019. To scrutinize the long-term associations among the variables under consideration, the study employed autoregressive distributed lag (ARDL) model. Additionally, to ensure the robustness of the study, both dynamic ordinary least squares and fully modified ordinary least squares were applied. Contrary to expectations, the findings indicate that GCF does not exert a significant influence on carbon dioxide emissions. The study advocates for the implementation of a comprehensive environmental policy framework that considers a spectrum of contributing factors beyond GCF. To address the multifaceted nature of environmental challenges, the study recommends initiatives such as diversification of energy sources, technology transfer, promotion of sustainable practices, and integration of climate resilience.

Keywords: Somalia; Gross Capital Formation; Climate Change; Autoregressive Distributed Lag (search for similar items in EconPapers)
JEL-codes: E22 E23 Q54 Q56 (search for similar items in EconPapers)
Date: 2024
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