scholarly journals FUEL SUBSIDY, ENERGY CONSUMPTION AND ENVIRONMENTAL OUTCOMES IN NIGERIA

2020 ◽  
Vol 5 (1) ◽  
pp. 21-43
Author(s):  
Folorunso Sunday Ayadi ◽  
Keyword(s):  
Economic Growth ◽  
Carbon Dioxide ◽  
Energy Consumption ◽  
Fuel Consumption ◽  
Fossil Fuel ◽  
Greenhouse Gas Emission ◽  
Trade Openness ◽  
Carbon Dioxide Emission ◽  
Fossil Fuel Consumption ◽  
The Impact

This study investigates the impact of energy subsidy, energy consumption, urbanization, economic growth, foreign direct investment, and trade openness on carbon dioxide emission and other greenhouse gases in Nigeria. Based on the method of cointegration and Autoregressive Distributed Lag (ARDL), the study utilized data from 1970 to 2018 for the analysis. The study found fossil fuel consumption, economic growth, trade openness and PMS Price (a proxy for subsidy) as significantly increasing emission (Carbon dioxide) in Nigeria. The implication is that as that as the prices of PMS goes up (due to subsidy reduction), more of fuel is consumed. Our analysis demonstrated that PMS is price inelastic in Nigeria. In addition, subsidy or its removal will have no impact on carbon dioxide emission and other greenhouse gas emission in Nigeria. The study recommends the development of cleaner, renewable fuels and the development of abatement technology so as to mitigate the environmental impacts of growth. In addition, since the reduction in subsidy has no deterrent impact on fossil fuel consumption in Nigeria, then the recent removal of fossil fuel subsidy in Nigeria is a welcome development at least for the environment.

scholarly journals Using Quantile Regression to Analyze the Relationship between Socioeconomic Indicators and Carbon Dioxide Emissions in G20 Countries

2021 ◽  
Vol 13 (13) ◽  
pp. 7011
Author(s):  
Abdulaziz A. Alotaibi ◽  
Naif Alajlan
Keyword(s):  
Carbon Dioxide ◽  
Quantile Regression ◽  
Fuel Consumption ◽  
Co2 Emissions ◽  
Fossil Fuel ◽  
Trade Openness ◽  
Policy Coordination ◽  
Socioeconomic Indicators ◽  
Control Variables ◽  
Fossil Fuel Consumption

Numerous studies addressed the impacts of social development and economic growth on the environment. This paper presents a study about the inclusive impact of social and economic factors on the environment by analyzing the association between carbon dioxide (CO2) emissions and two socioeconomic indicators, namely, Human Development Index (HDI) and Legatum Prosperity Index (LPI), under the Environmental Kuznets Curve (EKC) framework. To this end, we developed a two-stage methodology. At first, a multivariate model was constructed that accurately explains CO2 emissions by selecting the appropriate set of control variables based on model quality statistics. The control variables include GDP per capita, urbanization, fossil fuel consumption, and trade openness. Then, quantile regression was used to empirically analyze the inclusive relationship between CO2 emissions and the socioeconomic indicators, which revealed many interesting results. First, decreasing CO2 emissions was coupled with inclusive socioeconomic development. Both LPI and HDI had a negative marginal relationship with CO2 emissions at quantiles from 0.2 to 1. Second, the EKC hypothesis was valid for G20 countries during the study period with an inflection point around quantile 0.15. Third, the fossil fuel consumption had a significant positive relation with CO2 emissions, whereas urbanization and trade openness had a negative relation during the study period. Finally, this study empirically indicates that effective policies and policy coordination on broad social, living, and economic dimensions can lead to reductions in CO2 emissions while preserving inclusive growth.

scholarly journals ANALYSIS OF THE CAUSALITY OF CO2 EMISSIONS, CONSUMPTION OF FOSSIL FUELS, ELECTRICITY CONSUMPTION, AND ECONOMIC GROWTH IN INDONESIA IN 1990-2019

2019 ◽  
Vol 4 (02) ◽  
pp. 113
Author(s):  
Melati Intan Kurnia ◽  
Hadi Sasana ◽  
Yustirania Septiani
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Fuel Consumption ◽  
Co2 Emissions ◽  
Fossil Fuels ◽  
Fossil Fuel ◽  
Electricity Consumption ◽  
Negative Influence ◽  
Fossil Fuel Consumption

<p><em>Increasing economic growth will spark against increased energy consumption. But on the other hand, increasing economic growth will also trigger the occurrence of natural damage and degradation of environmental quality derived from CO2 emissions. CO2 emissions are caused by oxidation process of fossil fuel energy. This research aims to know the causality relationship between CO2 emissions, fossil fuel consumption, electricity consumption, and economic growth in Indonesia, as well as long-term relationship between CO2 emissions, fossil fuel consumption, electricity consumption, to economic growth in Indonesia in 1990 – 2019. The used data is the secondary data that is in the form of data time series. The dependent variables of this study are economic growth, while independent variables are CO2 emissions, fossil fuel consumption, electricity consumption. The method that is used in this study is Vector Error Correction Model. The results showed that there was a one-way causality between economic growth and fossil fuel consumption, and between electricity consumption and CO2 emissions. The research also shows that on long-term CO2 emissions has a negative influence, while the consumption of fossil fuels and electricity has a positive effect on Indonesia's economic growth in 1990-2019.</em></p><p><strong><em>K</em></strong><strong><em>eywords</em></strong><em>: CO2, Energy Consumption, Economic Growth.</em></p>

scholarly journals The impact of socio-economic institutional change on agricultural carbon dioxide emission reduction in China

PLoS ONE ◽  
2021 ◽  
Vol 16 (5) ◽  
pp. e0251816
Author(s):  
Deng Jie Long ◽  
Li Tang
Keyword(s):  
Economic Growth ◽  
Carbon Dioxide ◽  
Energy Consumption ◽  
Carbon Emissions ◽  
Carbon Dioxide Emissions ◽  
Emission Reduction ◽  
Carbon Dioxide Emission ◽  
Carbon Sources ◽  
Diesel Oil ◽  
The Impact

With the change of social economic system and the rapid growth of agricultural economy in China, the amount of agricultural energy consumption and carbon dioxide emissions has increased dramatically. Based on the estimation of agricultural carbon dioxide emissions from 1991 to 2018 in China, this paper uses EKC model to analyze economic growth and agricultural carbon dioxide emissions. The Kaya method is used to decompose the factors affecting agricultural carbon dioxide emissions. The experimental results show that there is a co-integration relationship between economic growth and the total intensity of agricultural carbon emissions, and between economic growth and the intensity of carbon emissions caused by five types of carbon sources: fertilizer, pesticide, agricultural film, agricultural diesel oil and tillage. Economic growth is the main driving factor of agricultural carbon dioxide emissions. In addition, technological progress has a strong role in promoting carbon emission reduction, but it has a certain randomness. However, the impact of energy consumption structure and population size on carbon emissions is not obvious.

scholarly journals The Effect of Trade Openness on Carbon Dioxide Emission in Taiwan: A Quantile Mediation Analysis

2020 ◽  
Vol 16 ◽  
Keyword(s):  
Economic Growth ◽  
Carbon Dioxide ◽  
Mediation Analysis ◽  
Trade Openness ◽  
Carbon Dioxide Emission ◽  
Point Of View ◽  
Least Square ◽  
Mediation Effect ◽  
Ordinary Least Square ◽  
The Impact

This paper adopts an innovative method, called a quantile mediation analysis, which combines a quantile regression and mediation analysis to examine the impact of trade openness on carbon dioxide emission whether through economic growth or not from 1990 to 2018 in Taiwan. The result of the traditional ordinary least square approach shows that Taiwan’s trade openness affects carbon dioxide emission through the full mediation effect of economic growth for the period of 1990-2018 and there is no direct relation between trade openness and carbon dioxide emission. Moreover, the results of this innovative analysis indicate that Taiwan’s trade openness also affects carbon dioxide emission through the full mediation effect of economic growth at any distribution of carbon dioxide emission, and there is no direct effect from trade openness to carbon dioxide emission. This result indicates that trade openness only exists an indirect effect through economic growth in Taiwan. This finding supports Antweiler, Copeland and Taylor’s point of view [1].

Monthly, global emissions of carbon dioxide from fossil fuel consumption

Tellus B ◽  
2011 ◽  
Vol 63 (3) ◽  
Author(s):  
R. J. Andres ◽  
J. S. Gregg ◽  
L. Losey ◽  
G. Marland ◽  
T. A. Boden
Keyword(s):  
Carbon Dioxide ◽  
Fuel Consumption ◽  
Fossil Fuel ◽  
Fossil Fuel Consumption ◽  
Global Emissions

Analyzing the impact of fossil fuel import reliance on electricity prices: The case of the Iberian Electricity Market

2017 ◽  
Vol 28 (7) ◽  
pp. 687-705 ◽  
Author(s):  
Blanca Moreno ◽  
María T García-Álvarez
Keyword(s):  
Carbon Dioxide ◽  
Electricity Market ◽  
Fossil Fuel ◽  
Carbon Dioxide Emission ◽  
High Energy ◽  
Electricity Production ◽  
The European Union ◽  
Electricity Prices ◽  
The Impact ◽  
The Eu

Spain and Portugal are highly dependent on energy from abroad, importing more than 70% of all the energy they consume. This high energy dependence could involve important effects on the level and stability of their electricity prices as a half the gross electricity generated in both countries came from power stations using imported combustible fuels (such as natural gas, coal and oil). In general, changes in the prices of these fossil fuels can directly affect household electricity prices, since generation costs are likely to be transmitted through to the wholesale electricity market. Moreover, in the framework of the European Union Emission Trading System, electricity production technologies tend to incorporate their costs of carbon dioxide emission allowances in sale offers with the consequent increase of the electricity prices. The objective of this paper is to analyze the influence of fossil fuel costs and prices of carbon dioxide emission allowances in the EU on the Spanish and Portuguese electricity prices. With this aim, a maximum entropy econometric approach is used. The obtained results indicate that not only the price of imported gas are very important in explaining Spanish and Portuguese electricity prices but also the price of carbon dioxide emission allowances in the EU.

scholarly journals The Impact of Industrialization, Trade Openness, Financial Development, and Energy Consumption on Economic Growth in Indonesia

Economies ◽  
2021 ◽  
Vol 9 (4) ◽  
pp. 174
Author(s):  
Khalid Eltayeb Elfaki ◽  
Rossanto Dwi Handoyo ◽  
Kabiru Hannafi Ibrahim
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Least Squares ◽  
Financial Development ◽  
Correction Term ◽  
Trade Openness ◽  
Ordinary Least Squares ◽  
Distributed Lag ◽  
Long Run ◽  
The Impact

This study aimed to scrutinize the impact of financial development, energy consumption, industrialization, and trade openness on economic growth in Indonesia over the period 1984–2018. To do so, the study employed the autoregressive distributed lag (ARDL) model to estimate the long-run and short-run nexus among the variables. Furthermore, fully modified ordinary least squares (FMOLS), dynamic least squares (DOLS), and canonical cointegrating regression (CCR) were used for a more robust examination of the empirical findings. The result of cointegration confirms the presence of cointegration among the variables. Findings from the ARDL indicate that industrialization, energy consumption, and financial development (measured by domestic credit) positively influence economic growth in the long run. However, financial development (measured by money supply) and trade openness demonstrate a negative effect on economic growth. The positive nexus among industrialization, financial development, energy consumption, and economic growth explains that these variables were stimulating growth in Indonesia. The error correction term indicates a 68% annual adjustment from any deviation in the previous period’s long-run equilibrium economic growth. These findings provide a strong testimony that industrialization and financial development are key to sustained long-run economic growth in Indonesia.

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