Long-run equilibrium relationship between energy consumption and CO 2 emissions: a dynamic heterogeneous analysis on North Africa.

Autor: Musah M; Department of Accounting, Banking and Finance, Faculty of IT Business, Ghana Communication Technology University, Accra, Ghana. prophe2013@yahoo.com., Owusu-Akomeah M; Department of Accounting, Banking and Finance, Faculty of IT Business, Ghana Communication Technology University, Accra, Ghana., Boateng F; Faculty of Integrated Management Science, Department of Management Studies, University of Mines & Technology, Tarkwa, Ghana., Iddris F; Department of Management Studies Education, Akenten Appiah-Menka University of Skills Training and Entrepreneural Development, Kumasi, Ghana., Mensah IA; Institute of Applied Systems Analysis (IASA), School of Mathematics, Jiangsu University, Zhenjiang, People's Republic of China.; Department of Statistics and Actuarial Science, Kwame Nkrumah University of Science and Technology (KNUST), Kumasi, Ghana., Antwi SK; Faculty of Business Studies, Tamale Technical University, P.O. Box 3ER, Tamale, Ghana., Agyemang JK; Department of Accounting and Finance, University of Eswatini, Kwaluseni, Eswatini.
Jazyk: angličtina
Zdroj: Environmental science and pollution research international [Environ Sci Pollut Res Int] 2022 Feb; Vol. 29 (7), pp. 10416-10433. Date of Electronic Publication: 2021 Sep 14.
DOI: 10.1007/s11356-021-16360-6
Abstrakt: Environmental protection and sustainable development are inextricably linked. This linkage is particularly crucial for North Africa, where the use of carbon-intensive energies has created environmental and economic challenges. Amazingly, limited studies on the connection between energy consumption and environmental quality has been conducted to help with policy options to minimize the above menace in the region. Inspired by the Sustainable Development Goals (SDGs) of the United Nations, this study contributed to filling this gap by examining the energy consumption-CO 2 emission nexus in North Africa for the period 1990 to 2018. In order to account for cross-sectional dependence, endogeneity, and slope heterogeneity that are mostly ignored by some conventional econometric techniques, this exploration adopted second generation econometric methods that are robust to the aforestated issues in its analysis. From the results, the studied panel was heterogeneous and cross-sectionally correlated. Also, the investigated series were first differenced stationary and cointegrated in the long-run. The cross-sectional augmented autoregressive distributed lag (CS-ARDL) and the dynamic common correlated effects mean group (DCCEMG) estimators were adopted to explore the elasticities of the explanatory variables and from the results, energy consumption worsened environmental quality in the region due to its positive influence on CO 2 emissions. Also, urbanization and economic growth increased the rate of CO 2 emissions in the countries. On the causal connections amid the series, bidirectional causalities between energy consumption and CO 2 emissions, between urbanization and CO 2 emission, between economic growth and CO 2 emissions, and between urbanization and energy consumption were unraveled. Finally, unidirectional causalities from economic growth to energy consumption, and from economic growth to urbanization were confirmed. It is recommended that countries in North Africa should shift to the consumption of clean energies to help them attain low-carbon economy. Unavailability of data for some periods was the major limitation of the study. Therefore, in future when such data become available, similar explorations could be conducted to confirm the robustness of the study's results.
(© 2021. The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature.)
Databáze: MEDLINE
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