Towards a sustainable consumption approach: the effect of trade flow and clean energy on consumption-based carbon emissions in the Sub-Saharan African countries

Gyamfi, Bright Akwasi; Adebayo, Tomiwa Sunday; Ogbolime, Uzoma

doi:10.1007/s11356-022-19340-6

Cited by 19 publications

(8 citation statements)

References 60 publications

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“…Higher energy consumption, on the other hand, can have an effect on the quality of the environment since the burning of energy resources, particularly fossil fuels, results in the release of GHG; hence, energy utilization can be said to be harmful to the environment. This outcome complies with the research of (Yuping et al, 2021) for Argentina, (Shahbaz et al, 2021), and (Gyamfi et al, 2022b). Finally, the results of the panel causality test unveiled that CO 2 emissions can be predicted by all its drivers ECO, GDP, NREC, TO and REC in the G7 economies.…”

Section: Discussion Of Findingssupporting

confidence: 87%

Towards Sustainable Environment in G7 Nations: The Role of Renewable Energy Consumption, Eco-innovation and Trade Openness

Olanrewaju

Irfan

Altuntaş

et al. 2022

Front. Environ. Sci.

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Some of the globe’s most economically advanced nations make up the G7 (Canada, Japan, France, Germany, Italy, United States and United Kingdom). Nevertheless, in tandem with such strong economic growth, the environmental conditions in these nations have deteriorated, raising serious issues among stakeholders. Therefore, we examine the effect of eco-innovation and trade openness on CO2 emissions in G7 nations. We also take into account the role of renewable energy, economic growth and nonrenewable energy use using a dataset covering the period from 1990–2019. We employed recent econometric techniques such as slope heterogeneity (SH) and cross-sectional dependence (CSD), Westerlund cointegration, fully modified ordinary least square (FMOLS), dynamic ordinary least square (DOLS), panel quantile regression and panel causality tests to assess these associations. The outcomes of the CSD and SH tests disclosed that using a first-generation unit root test will produce biase outcomes. Furthermore, the outcomes of the Westerlund cointegration disclosed support long-run association between CO2 and its drivers. In addition, the results of the long-run estimators (FMOLS and DOLS) unveiled that nonrenewable energy and trade openness contribute to the damage to the environment while economic expansion, renewable energy and eco-innovation enhance the quality of the environment. Furthermore, the outcomes of GDP, REC and ECO curb CO2 while NREC energy and TO surge CO2. Finally, the outcomes of the panel causality test unveiled that CO2 emissions can be predicted by all the exogenous variables.

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Section: Discussion Of Findingssupporting

confidence: 87%

Towards Sustainable Environment in G7 Nations: The Role of Renewable Energy Consumption, Eco-innovation and Trade Openness

Olanrewaju

Irfan

Altuntaş

et al. 2022

Front. Environ. Sci.

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“…Following the study by Yang et al (2021), this study also uses the Augmented Mean Group (AMG) developed by Teal and Eberhardt (2010) to explore the non-linear effects of urbanization routes on environmental degradation in individual countries. AMG is a panel autoregressive distributed lag (ARDL) model that outperforms firstgeneration panel ARDL techniques by allowing for crosssectional dependence and sample heterogeneity (Murshed et al, 2021;Gyamfi et al, 2022). This technique addresses cross-sectional dependencies by incorporating common dynamic effects (CDEs) into a two-stage estimation process (Dogru et al, 2021;Maza, 2022).…”

Section: Long-term Elasticity Estimationmentioning

confidence: 99%

RETRACTED: An empirical analysis of FDI and institutional quality on environmental quality and economic growth, evidence from the panel of asian oil-producing and non-oil-producing economies

Yang

Yin

et al. 2023

Front. Environ. Sci.

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This study applies the augmented mean group (AMG) estimation technique to investigate whether institutional quality and FDI contribute to economic growth and environmental quality in emerging Asian oil-producing and non-oil-producing countries during the period 1975–2020. The estimation of AMG strategy indicates that for every 1% increase in FDI, institutional quality and carbon emissions can significantly boost economic growth by 0.882%, 0.659%, and 0.605%, respectively. Likewise, trade liberalization, transport infrastructure and urbanization can significantly boost economic growth. Long-term variable elasticity coefficients based on carbon emissions model suggest that FDI can stimulate carbon emissions, thereby validating the Pollution Heaven Hypothesis (PHH) in selected panel of countries. Institutional quality has a significant negative impact on carbon emissions, while GDP, trade openness, urbanization, and investment in transport infrastructure contribute significantly to carbon dioxide emissions. Country wise estimates of the AMG strategy show that the institutional quality of oil-producing countries has no significant impact on economic growth, but does boost economic growth in non-oil producing countries. The quality of institutions in both non-oil and oil-producing countries can significantly reduce carbon emissions. FDI stimulates economic growth in oil-producing countries compared to non-oil-producing countries. However, FDI contributes significantly to both oil and non-oil-producing CO2 emissions, thus validating PHH. Controlling factors such as economic growth increase significantly to CO2 emissions in oil-producing countries, while, CO2 emissions from petro-states stimulate more to economic growth than non-petroleum states. The impact of trade liberalization on economic growth is significantly positive in both oil and non-oil-producing countries, but the contribution of non-oil-producing economies is higher than that of oil-producing countries. Compared with non-oil producing countries, trade liberalization in oil-producing countries contributes more to carbon emissions. Investment in transportation infrastructure significantly boosted economic growth in both oil and non-oil producing countries, but oil producing countries contributed more than non-oil producing countries. A range of policy proposals were discussed to achieve economic and environmental sustainability.

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“…Furthermore, there is a bidirectional causal linkage between trade (exports and imports) and CCO2 emissions. The recent study of Gyamfi et al (2022) used second generation estimation approaches and provide consistent results regarding trade, income, and CCO2 emissions. Yet, the study claimed that clean energy could be used as remedial measure for environmental quality improvement.…”

Section: Literature Reviewmentioning

confidence: 94%

“…Based on the literature review, it is summarized that most of the previous studies by Sun and Ouyang (2016), Wei et al (2022), Liang et al (2018), Wang and Zhou (2020), and Wu et al (2022), focus on one side of carbon emissions in order to achieve sustainable development goal of the clean environment; however, Adebayo et al (2022), Knight and Schor (2014), Adebayo et al (2021), He et al (2021), Hassan et al (2022), Gyamfi et al (2022), and Kirikkaleli and Oyebanji (2022) focus was also mainly trade adjusted carbon emissions. However, these studies also ignored the role of financial inclusion and environmental taxes.…”

Section: Literature Reviewmentioning

confidence: 99%

Financial inclusion and trade adjusted carbon emissions: Evaluating the role of environment related taxes employing non‐parametric panel methods

Xin

Xie

2022

Sustainable Development

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Trade adjusted or consumption-based carbon emissions relatively is a new area of research. Trade adjusted carbon emissions is adjusted by deducting exports, adding imports and production based carbon emissions. This measure enables to capture the importance or contribution of international trade to global carbon emissions. This study further highlights each country's contribution to global carbon emissions through trade.This study aims to explore the possible determinants of trade adjusted carbon emissions for group of seven economies from 2000-2020. This study used a novel index for financial inclusion along with the role of environment related taxes and environment related innovation is also tested. The study uses non parametric method of panel data, that is, method of moments quantile regression, along with panel cointegration and diagnostic tests to detect interdependence and heterogeneity in the slop. Moreover, this study also tested the role of exports and imports with GDP for trade adjusted carbon emissions. The empirical findings from this study suggest that exports, environment related innovation and taxes and financial inclusion cause a reduction in trade or consumption-based carbon emissions. Moreover, both imports and gross domestic product cause an upsurge in consumption or trade adjusted carbon emissions. This study provides practical policy implications in the light of empirical findings related to environment related taxes, financial inclusion, exports, environment related innovations, imports and gross domestic product. K E Y W O R D S environment related taxes, financial inclusion, Group of Seven, trade adjusted emissions 1 | INTRODUCTION Currently, the world is facing multiple challenges, that is, COVID-19, global economic crises and most importantly, the issue of environmental degradation. Global leaders are uniting under various themes to devise relevant policies, that is, the Paris agreement and, most recently, COP26 (United Nation Conference on Climate Change), to curb the issue of environmental degradation. COP26 aims to drop global carbon emissions and keep the global temperature at a maximum of 1.5 C (UNFCCC, 2022). Further, member countries also agreed on providing financial support to the poor countries and the loss and damage caused by environmental degradation. Keeping the importance of COP26 and Paris agreement, the role of international trade and its contribution to global carbon emissions cannot be ignored. Its contribution to global carbon emission is around 20%-30% by the end of 2021 (Hussey & Faunce, 2021). International trade, one of the main pillars of economic growth, has contributed around 58% by the end of 2017 to the total gross domestic product of 23% back in 1960 (Khan, Ali, Jinyu, et al., 2020).Following the importance of international trade, this study explores the possible determinants and its impact on trade adjusted carbon emissions. This study investigates the economic factors and

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Towards a sustainable consumption approach: the effect of trade flow and clean energy on consumption-based carbon emissions in the Sub-Saharan African countries

Cited by 19 publications

References 60 publications

Towards Sustainable Environment in G7 Nations: The Role of Renewable Energy Consumption, Eco-innovation and Trade Openness

Towards Sustainable Environment in G7 Nations: The Role of Renewable Energy Consumption, Eco-innovation and Trade Openness

RETRACTED: An empirical analysis of FDI and institutional quality on environmental quality and economic growth, evidence from the panel of asian oil-producing and non-oil-producing economies

Financial inclusion and trade adjusted carbon emissions: Evaluating the role of environment related taxes employing non‐parametric panel methods

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