Rethinking Pro-Growth Climate Policy in Nigeria: A Theoretical Review

Kingsley Imandojemu, Romanus Osabohien, Owopetu Ayodeji Abiodun () and Mamdouh Abdulaziz Saleh Al-Faryan
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Kingsley Imandojemu: Central Bank of Nigeria
Romanus Osabohien: DEPECOS Institutions and Development Research Centre (DIaDeRC)
Owopetu Ayodeji Abiodun: Nigerian Deposit Insurance Corporation
Mamdouh Abdulaziz Saleh Al-Faryan: The Saudi Economic Association

Chapter Chapter 12 in Global Investment Decisions in the Circular Economy, 2025, pp 155-167 from Springer

Abstract: Abstract Numerous theoretical underpinnings have surfaced in an effort to articulate the connection between climate change and the economy. This review challenges the current state of knowledge on the topic by utilizing new developments in the empirical and theoretical literature. Using an amalgam of literature study and empirical point in case, we highlight the key constraints and limitations of the current theories of climate change and economy. Particularly, ideas that place a strong emphasis on quick economic expansion and the proliferation of measures to achieve it even at the detriment of environmental quality. Numerous studies indicate that growth is a must from the standpoint of sustainable development, but they cannot be viewed as a one-size-fits-all solution. Notably, it is frequently best to combine policies that promote growth with those that safeguard the environment.

Keywords: Climate change; Economic growth; Economic theories; Sustainable development (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:conchp:978-3-031-86236-6_12

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DOI: 10.1007/978-3-031-86236-6_12

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