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Fossil Fuel Energy Consumption and CO2 Emissions in Nigeria

Nura Sani Yahaya (), Hadiza Nasir Iro () and Sunusi Kabiru ()

Academic Journal of Economic Studies, 2019, vol. 5, issue 2, 173-178

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.

Keywords: CO2 emissions; Fossil fuel consumption; financial development; GDP; ARDL (search for similar items in EconPapers)
JEL-codes: Q52 Q54 (search for similar items in EconPapers)
Date: 2019
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Handle: RePEc:khe:scajes:v:5:y:2019:i:2:p:173-178