Green Growth and Environmental Sustainability in Nigeria

Ibitoye J. Oyebanji, Bamidele Adeniyi, Hlalefang Khobai, Pierre Le Roux

Abstract


The purpose of this paper is to examine the long-run equilibrium between green growth and some environmental variables like deforestation, energy depletion and carbon dioxide ) emissions in Nigeria from 1980 to 2015. To examine these long-run linkages, the study adopted the autoregressive distributive lag (ARDL) bound testing approach to cointegration. The bound testing approach shows an evidence of a negative long-run relationship between carbon dioxide emission and environmental depletion and renewable energy which stand as the proxy for green growth variable. Inversely, a positive long-run relationship exists between green growth variable and deforestation. Generally, this paper submits that efficient investment in green growth technologies and policies in Nigeria will assist to ensure a sustainable environment.

Keywords: Green growth, Sustainable environment, Carbon emission, Energy depletion, Nigeria

JEL Classifications: Q56, Q58


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