Carbon policy for the United States, China and Nigeria: An estimated dynamic stochastic general equilibrium model

Shobande, Olatunji Abdul; Shodipe, Oladimeji Tomiwa

doi:10.1016/j.scitotenv.2019.134130

Cited by 34 publications

(19 citation statements)

References 49 publications

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“…Short-run estimates also revealed that fuel subsidy removal inversely relates to carbon emission in Nigeria. The short-run results are in tandems with the separate findings of Galinato and Yoder (2010); Shobande and Shodipe (2019); Siddig et al(2014). The Granger causality result provides evidence of unidirectional causality from energy use per capita, fuel subsidy changes, and population growth to carbon emission.…”

Section: Conclusion Policy and Suggestion For Further Researchsupporting

confidence: 58%

“…In other findings, Giwa, Nwaokocha and Odufuwa (2017) found evidence for natural gas vehicles as a panacea for halting carbon intensity in Nigeria. In a separate result, Shobande and Shodipe (2019) In neighbouring Ghana, Wesseh, Lin and Atsagli (2016) using the computable general equilibrium model (CGE) to examine fuel subsidy removal and carbon intensity found removal of fuel subsidy to halt growth trajectory of carbon emission. Contrastingly, found that fuel subsidy removal leads to a rise in the general price level, increases carbon intensity, and weakens household purchasing power, leading to Ghana's negative growth.…”

Section: Literature Reviewmentioning

confidence: 99%

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Fuel subsidies and carbon emission: evidence from asymmetric modelling

Adekunle

Oseni

2021

Environ Sci Pollut Res

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It is expected that fuel subsidy removal should hinder carbon emissions growth through low energy consumption channels amid higher energy prices. However, outliers in this theoretical disposition make empirical proof of the fuel subsidy-carbon intensity apt and primitive. Despite established fuel subsidy abolishment gains for climate and economic welfare, the relevance, magnitude and policy implications remain dimly. This paper employs the non-linear autoregressive distributed lag (NARDL) estimation procedure to gauge the contemporaneous influence of fuel subsidy for carbon intensity in Nigeria. Findings revealed that fuel subsidy removal inversely relates to Nigeria's carbon emission in the short-run and long run. The study recommends complementary policy option that ensures additional financial savings to the government should be invested in public sector growth that can cushion the effect of relative income loss to the citizenry. The Nigerian government should ensure measures are kept in place to discourage over-consumption of alternative energy (for example, coal) that could also threaten the green economy paradox.

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Section: Conclusion Policy and Suggestion For Further Researchsupporting

confidence: 58%

Section: Literature Reviewmentioning

confidence: 99%

Fuel subsidies and carbon emission: evidence from asymmetric modelling

Adekunle

Oseni

2021

Environ Sci Pollut Res

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“…Zhang (2011) argued that financial development can aid investment in energy conservation technology which can help promote environmental quality. In contrast, some studies have warned that increased financial development could lead to increased carbon emissions (Sadorsky 2010;Zhang 2011;Shobande and Shodipe 2019). Sadorsky (2010) argued that a sound financial system can help promote investment but can have adverse effects on the environment through an increase in energy use.…”

Section: Theoretical Frameworkmentioning

confidence: 99%

“…In the recent literature, it has been demonstrated that financial development can affect carbon emissions in a variety of ways. First, energy consumption has been identified as a mechanism through which financial development can influence the environment (Shobande and Shodipe 2019;Ozcan et al 2020;Shobande 2020;Baloch et al 2021). This is because financial development encourages investments in environmentally sustainable technologies and helps reduce carbon emissions.…”

Section: Introductionmentioning

confidence: 99%

The criticality of financial development and energy consumption for environmental sustainability in OECD countries: Evidence from dynamic panel analysis

Shobande

Ogbeifun

2021

International Journal of Sustainable Development & World Ec

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This study explored whether financial development and energy consumption affect environmental sustainability in Organization for Economic Cooperation and Development (OECD) countries. The empirical evidence used in this study was based on the standard fixed effects and the Arellano-Bover/Bundell Bond dynamic panel approach. Our empirical results demonstrated the importance of a financial development index and energy efficiency for reducing carbon emissions and promoting sustainability in the OECD. The mechanism through which financial development affects carbon emissions has been identified as energy consumption and foreign direct investment. Our study recommends that financial development be prioritised alongside investments in energy efficiency to promote environmental sustainability.

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“…In addition, ICT has improved the delivery of health services in terms of diagnostic instruments, medical devices, and surgical procedures. Fifth, ICT has not only ushered in the industrial revolution but has also improved people's social lives [8,15]. For example, social networking platforms such as Facebook and Twitter, and online dating services such as eHarmony and Match.com, have improved the social life of people; the music and publishing industries have also been transformed [4,5,16].…”

Section: Introductionmentioning

confidence: 99%

Decomposing the Persistent and Transitory Effect of Information and Communication Technology on Environmental Impacts Assessment in Africa: Evidence from Mundlak Specification

Shobande

2021

Sustainability

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This study examines the persistent and transitory effects of information and communication technology (ICT) on the environmental impact assessment in Africa. The applied advanced econometrics is based on both the Mundlak and Hausman–Taylor methodology for correcting endogeneity and the feasible generalized least squares (FGLS) method to identify any potential cross-panel correlation. The empirical evidence suggests that an increase in ICT (Internet penetration) has a positive transitory effect on the environment. On the contrary, an increase in ICT has a negative persistent effect on the environment. This implies that a temporary change in ICT usage increases carbon emissions, whereas ICT use can reduce carbon emissions in the long run. In addition, this study identified mediums through which ICT can affect the environment, such as energy consumption. Therefore, this study recommends continuous investment in ICT infrastructure and education on the importance of practicing environmentally sustainable practices. Similarly, energy conservation is critical because use of the Internet appears to indirectly increase energy usage by increasing the overall productivity of the economy, which may subsequently degrade the environment.

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Carbon policy for the United States, China and Nigeria: An estimated dynamic stochastic general equilibrium model

Cited by 34 publications

References 49 publications

Fuel subsidies and carbon emission: evidence from asymmetric modelling

Fuel subsidies and carbon emission: evidence from asymmetric modelling

The criticality of financial development and energy consumption for environmental sustainability in OECD countries: Evidence from dynamic panel analysis

Decomposing the Persistent and Transitory Effect of Information and Communication Technology on Environmental Impacts Assessment in Africa: Evidence from Mundlak Specification

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