2,170
Views
1
CrossRef citations to date
0
Altmetric
GENERAL & APPLIED ECONOMICS

Examining the role of climate finance in the Environmental Kuznets Curve for Sub-Sahara African countries

, & ORCID Icon | (Reviewing editor)
Article: 1965357 | Received 06 Dec 2020, Accepted 02 Aug 2021, Published online: 19 Aug 2021

References

  • Abdallh, A. A., & Abugamos, H. (2017). A semi-parametric panel data analysis on the urbanisation-carbon emissions nexus for the MENA countries. Renewable and Sustainable Energy Reviews, 78(C), 1350–16. https://doi.org/10.1016/j.rser.2017.05.006
  • Adams, S., & Acheampong, A. O. (2019). Reducing carbon emissions: The role of renewbale energy and democracy. Journal of Cleaner Production, 240, 118245. https://doi.org/10.1016/j.jclepro.2019.118245
  • Adams, S., & Nsaih, C. (2019). Reducing carbon dioxide emissions. Does Renewbale Energy Matter Science of the Total Environment, 693, 133288. https://doi.org/10.1016/j.scitotenv.2019.07.094
  • Adedoyin, F. F., Alola, A. A., & Bekun, F. V. (2020). The nexus of environmental sustainability and agro-economic performance of Sub-Saharan African countries. Heliyon, 6(9), e04878. https://doi.org/10.1016/j.heliyon.2020.e04878
  • Allard, A., Takman, J., Uddin, G. S., & Ahmed, A. (2018). The N-shaped environmental Kuznets curve: An empirical evaluation using a panel quantile regression approach. Environmental Science and Pollution Research, 25(6), 5848–5861. https://doi.org/10.1007/s11356-017-0907-0
  • Al-Mulali, U., & Ozturk, I. (2016). The investigation of environmental Kuznets curve hypothesis in the advanced economies: The role of energy prices. Renewable and Sustainable Energy Reviews, 54, 1622–1631. https://doi.org/10.1016/j.rser.2015.10.131
  • Al-Mulali, U., & Sab, C. N. B. C. (2012). The impact of energy consumption and CO2 emission on the economic growth and financial development in the Sub Saharan African countries. Energy, 39(1), 180–186. https://doi.org/10.1016/j.energy.2012.01.032
  • Alsayed, A. & Malik, A. (2020). Detecting the Environmental Kuznets Curve in African countries. Studies in Economics and Econometrics, 44(1), 35–44.
  • Azam, M., Liu, L., & Ahmad, N. (2021). Impact of institutional quality on environment and energy consumption: Evidence from developing world. Environment, Development & Sustainability, ((forthcoming)). https://doi.org/10.1007/s10668-020-00644-x
  • Balsalobre-Lorente, D., Driha, O., Shahbaz, M. & Sinha, A. (2020). The effects of tourism and globalization over environmental degradation in developed countries, Environment Science and Pollution Research, 27(2), 1–15
  • Balsalobre-Lorente, D., Gokmenoglu, K. K., Taspinar, N., & Cantos-Cantos, J. M. (2019). An approach to the pollution haven and pollution halo hypotheses in MINT countries. Environmental Science & Pollution Research, 26(22), 23010–23026. https://doi.org/10.1007/s11356-019-05446-x
  • Behera, S. R., & Dash, D. P. (2017). The effect of urbanization, energy consumption, and foreign direct investment on the carbon dioxide emission in the SSEA (South and Southeast Asian) region. Renewable and Sustainable Energy Reviews, 70, 96–106. https://doi.org/10.1016/j.rser.2016.11.201
  • Bekhet, H. A., & Othman, N. S. (2017). Impact of urbanization growth on Malaysia CO2 emissions: Evidence from the dynamic relationship. Journal of Cleaner Production, 154, 374–388. https://doi.org/10.1016/j.jclepro.2017.03.174
  • Beyene, S. D., & Kotosz, B. (2019). Testing the environmental Kuznets curve hypothesis: An empirical study for East African countries. International Journal of Environmental Studies, 77(4), 636–654. https://doi.org/10.1080/00207233.2019.1695445
  • Borunda, A. (2019). Methane Explained. National Geographic Retrieved October 29, 2020, from https://www.nationalgeographic.com/environment/global-warming/methane)
  • Buchner, B., Herve-Mignucci, M., Trabacchi, C., Wilkinson, J., Stadelmann, M., Boyd, R., & Micale, V. (2019). Global landscape of climate finance 2015. Climate Policy Initiative, (32).
  • Christensen, J. M., & Olhoff, A. (2019). Emissions gap report 2019.
  • Driscoll, J. and Kraay, A. (1998) Consistent covariance matrix estimation with spatially dependent panel data. The Review of Economics and Statistics, 80(4), 549–560
  • Egbetokun, S., Osabuohien, E., Akinbobola, T., Onanuga, O. T., Gershon, O., & Okafor, V. (2020). Environmental pollution, economic growth and institutional quality: Exploring the nexus in Nigeria. Management of Environmental Quality: An International Journal, 31(1), 18–31. https://doi.org/10.1108/MEQ-02-2019-0050
  • Flores, C. A., Flores-Lagunes, A., & Kapetanakis, D. (2014). Lessons from quantile panel estimation of the environmental Kuznets curve. Econometric Reviews, 33(8), 815–853. https://doi.org/10.1080/07474938.2013.806148
  • Friedl, B., & Getzner, M. (2003). Determinants of CO2 emissions in a small open economy. Ecological Economics, 45(1), 133–148. https://doi.org/10.1016/S0921-8009(03)00008-9
  • Fujii, H., & Managi, S. (2016). Economic development and multiple air pollutant emissions from the industrial sector. Environmental Science and Pollution Research, 23(3), 2802–2812. https://doi.org/10.1007/s11356-015-5523-2
  • Gharnit, S., Bouzahzah, M. & Soussane, J. (2019). Foreign direct investment and pollution havens: Evidence from African countries. Archives of Business Research, 7(12), 244–252.
  • Grossman, G. M., & Krueger, A. B. (1995). Economic growth and the environment. The Quarterly Journal of Economics, 110(2), 353–377. https://doi.org/10.2307/2118443
  • Haider, A., Bashir, A., & ul Husnain, M. I. (2020). Impact of agricultural land use and economic growth on nitrous oxide emissions: Evidence from developed and developing countries. Science of the Total Environment, 741, 140421. https://doi.org/10.1016/j.scitotenv.2020.140421
  • Hanif, I. (2018). Energy consumption habits and human health nexus in Sub-Saharan Africa. Environmental Science and Pollution Research, 25(22), 21701–21712. https://doi.org/10.1007/s11356-018-2336-0
  • Helm, D. (2020). The environmental impacts of the coronavirus. In Environmental & resource economics 76, 21–38.
  • Huisingh, D., Zhang, Z., Moore, J. C., Qiao, Q., & Li, Q. (2015). Recent advances in carbon emissions reduction: Policies, technologies, monitoring, assessment and modeling. Journal of Cleaner Production, 103, 1–12. https://doi.org/10.1016/j.jclepro.2015.04.098
  • Inglesi-Lotz, R., & Dogan, E. (2018). The role of renewable versus non-renewable energy to the level of CO2 emissions a panel analysis of sub-Saharan Africa’s Βig 10 electricity generators. Renewable Energy, 123, 36–43. https://doi.org/10.1016/j.renene.2018.02.041
  • IPCC. (2014). Climate change 2014 synthesis report summary for policymakers
  • Kasman, A., & Duman, Y. S. (2015). CO2 emissions, economic growth, energy consumption, trade and urbanization in new EU member and candidate countries: A panel data analysis. Economic Modelling, 44(C), 97–103. https://doi.org/10.1016/j.econmod.2014.10.022
  • Kivyiro, P., & Arminen, H. (2014). Carbon dioxide emissions, energy consumption, economic growth, and foreign direct investment: Causality analysis for Sub-Saharan Africa. Energy, 74, 595–606. https://doi.org/10.1016/j.energy.2014.07.025
  • Koengkan, M., Fuinhas, J. A., & Santiago, R. (2019). The relationship between CO2 emissions, renewable and non-renewable energy consumption, economic growth, and urbanization in the Southern Common Market. Journal of Environmental Economics and Policy, 9(4), 383–401. https://doi.org/10.1080/21606544.2019.1702902
  • Lenzen, M., Li, M., Malik, A., Pomponi, F., Sun, Y. Y., Wiedmann, T., Gómez-Paredes, J., Gallego, B., Geschke, A., Gómez-Paredes, J., Kanemoto, K., Kenway, S., Nansai, K., Prokopenko, M., Wakiyama, T., Wang, Y., Yousefzadeh, M., & Faturay, F. (2020). Global socio-economic losses and environmental gains from the Coronavirus pandemic. PloS One, 15(7), e0235654. https://doi.org/10.1371/journal.pone.0235654
  • Magnani, E. (2001). The Environmental Kuznets Curve: Development path or policy result? Environmental Modelling and Software, 16(2), 157–165. https://doi.org/10.1016/S1364-8152(00)00079-7
  • Mania, E. (2020) Export diversification and CO2 emissions: An augmented Environmental Kuznets Curve. Journal of International Development, 32(2), 168–185.
  • Mehdi, A. (2016). Impact of economic, financial and institutional factors on CO2 emissions: Evidence from Sub-Sahran Africa economies. Utilities Policy, 41(C), 85–94. https://doi.org/10.1016/j.jup.2016.06.009
  • Mert, M., & Calgar, A. E. (2020). Tessting pollution haven and pollution halo hypotehsis for Turkey: A new persepctive. Environmental Science & Pollution Research, 27(26), 32933–32943. https://doi.org/10.1007/s11356-020-09469-7
  • Miah, M. D., Masum, M. F. H., & Koike, M. (2010). Global observation of EKC hypothesis for CO2, SOx and NOx emission: A policy understanding for climate change mitigation in Bangladesh. Energy Policy, 38(8), 4643–4651. https://doi.org/10.1016/j.enpol.2010.04.022
  • Murshed, M., & Dao, N. T. T. (2020). Revisiting the CO 2 emission-induced EKC hypothesis in South Asia: The role of export quality improvement. GeoJournal, (1–29). https://doi.org/10.1007/s10708-020-10270-9
  • Nazeer, M., Tabassum, U. & Alam, S. (2016) Environmental pollution and sustainable development in developing countries, The Pakistan Development Review, 55(4), 589–604
  • Ogundari, K., Ademuwagun, A. A., & Ajao, O. A. (2017). Revisiting Environmental Kuznets Curve in Sub-Sahara Africa. International Journal of Social Economics, 44(2), 222–231. https://doi.org/10.1108/IJSE-02-2015-0034
  • Opoku, E. E. O., & Boachie, M. K. (2020). The environmental impact of industrialization and foreign direct investment. Energy Policy, 137, 111178. https://doi.org/10.1016/j.enpol.2019.111178
  • Özokcu, S., & Özdemir, Ö. (2017). Economic growth, energy, and environmental Kuznets curve. Renewable and Sustainable Energy Reviews, 72, 639–647. https://doi.org/10.1016/j.rser.2017.01.059
  • Osabuohein, E., Efobi, U. & Gitau, C. (2014) Beyond the Environmental Kuznets Curve in Africa: Evidence from panel cointegration. Journal of Environmental Policy & Planning, 16(4), 517–538
  • Pesaran, H. (2004). General diagnostic tests for cross-sectional dependence in panels. University of Cambridge, Cambridge Working Papers in Economics, 435.
  • Roca, J., Padilla, E., Farré, M., & Galletto, V. (2001). Economic growth and atmospheric pollution in Spain: Discussing the environmental Kuznets curve hypothesis. Ecological Economics, 39(1), 85–99. https://doi.org/10.1016/S0921-8009(01)00195-1
  • Sarkodie, S. & Adams, S. (2018). Renewable energy, nuclear energy, and environmental pollution: Accounting for political and institutional quality in South Africa. Science of the Total Environment, 643, 1590–1601.
  • Sarkodie, S. A., & Strezov, V. (2019). Effect of foreign direct investments, economic development and energy consumption on greenhouse gas emissions in developing countries. Science of the Total Environment, 646, 862–871. https://doi.org/10.1016/j.scitotenv.2018.07.365
  • Selden, T. M., & song, D. (1994). Environmental quality and development: Is there a Kuznets curve for air pollution emissions? Journal of Environmental Economics and Management, 27(2), 147–162. https://doi.org/10.1006/jeem.1994.1031
  • Shahbaz, M., Balsalobre-Lorente, D., & Sinha, A. (2019). Foreign direct Investment–CO2 emissions nexus in Middle East and North African countries: Importance of biomass energy consumption. Journal of Cleaner Production, 217, 603–614. https://doi.org/10.1016/j.jclepro.2019.01.282
  • Ssali, M. W., Du, J., Mensah, I. A., & Hongo, D. O. (2019). Investigating the nexus among environmental pollution, economic growth, energy use, and foreign direct investment in 6 selected sub-Saharan African countries. Environmental Science and Pollution Research, 26(11), 11245–11260. https://doi.org/10.1007/s11356-019-04455-0
  • Tenaw, D. (2020). Is Africa a pollution haven or halo? Evidence from 20 largest FDI recipient countries in Africa, International Journal of Green Economics, 14(1), 78–93.
  • Warren, P. (2020). Blind spots in climate finance for innovation. In Advances in climate change research, 11(1),60–64.
  • Yusuf, A., Abubakar, A. & Mamman, S. (2020) Relationship between greenhouse gas emission, energy consumption, and economic growth: evidence from some selected oil-producing African countries. Environmental Science and Pollution Research, 27, 15815–15823
  • Zaman, K., & Abd-el Moemen, M. (2017). Energy consumption, carbon dioxide emissions and economic development: Evaluating alternative and plausible environmental hypothesis for sustainable growth. Renewable and Sustainable Energy Reviews, 74, 1119–1130. https://doi.org/10.1016/j.rser.2017.02.072
  • Zhang, Y. J., Yi, W. C., & Li, B. W. (2015). The impact of urbanization on carbon emission: Empirical evidence in Beijing. Energy Procedia, 75, 2963–2968. https://doi.org/10.1016/j.egypro.2015.07.601
  • Zhu, H., Duan, L., Guo, Y., & Yu, K. (2016). The effects of FDI, economic growth and energy consumption on carbon emissions in ASEAN-5: Evidence from panel quantile regression. Economic Modelling, 58(C), 237–248. https://doi.org/10.1016/j.econmod.2016.05.003
  • Zugrabu-Soilita, N. (2017). How does foreign direct investment affect pollution? Toward a better understanding of the direct and conditional effects. Environmental and Resource Economics, 66(2), 293–338. https://doi.org/10.1007/s10640-015-9950-9