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Year 2013, Volume: 3 Issue: 3, 262 - 271, 01.09.2013

Abstract

Electricity Supply, Fossil fuel Consumption, Co2 Emissions and Economic Growth: Implications and Policy Options for Sustainable Development in Nigeria.

Year 2013, Volume: 3 Issue: 3, 262 - 271, 01.09.2013

Abstract

This paper investigates the causal relationship among electricity supply, fossil fuel consumption, CO2 emissions and economic growth in Nigeria for the period 1971-2009, in a multivariate framework.Using the bound test approach to cointegration, we found a short-run as well as a long-run relationship among the variables with a positive and statistically significant relationship between CO2 emissions and fossil fuel consumption. The findings also indicate that economic growth is associated with increased CO2 emissions while a positive relationship exists between electricity supply and CO2 emissions revealing the poor nature of electricity supply in Nigeria. Further, the Granger causality test results indicate that electricity supply has not impacted significantly on economic growth in Nigeria. The results also strongly imply that policies aimed at reducing carbon emissions in Nigeria will not impede economic growth. The paper therefore concludes that a holistic energy planning and investment in energy infrastructure is needed to drive economic growth. In the long-run however, it is possible to meet the energy needs of the country, ensure sustainable development and at the same time reduce CO2 emissions by developing alternatives to fossil fuel consumption, the main source of CO2 emissions.

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Details

Primary Language English
Subjects Engineering
Other ID JA85DJ24UE
Journal Section Research Article
Authors

Chibueze Eze Nnaji This is me

Jude O. Chukwu This is me

Moses Nnaji This is me

Publication Date September 1, 2013
Published in Issue Year 2013 Volume: 3 Issue: 3

Cite

APA Nnaji, C. E., Chukwu, J. O., & Nnaji, M. (2013). Electricity Supply, Fossil fuel Consumption, Co2 Emissions and Economic Growth: Implications and Policy Options for Sustainable Development in Nigeria. International Journal of Energy Economics and Policy, 3(3), 262-271.
AMA Nnaji CE, Chukwu JO, Nnaji M. Electricity Supply, Fossil fuel Consumption, Co2 Emissions and Economic Growth: Implications and Policy Options for Sustainable Development in Nigeria. IJEEP. September 2013;3(3):262-271.
Chicago Nnaji, Chibueze Eze, Jude O. Chukwu, and Moses Nnaji. “ Co2 Emissions and Economic Growth: Implications and Policy Options for Sustainable Development in Nigeria”. International Journal of Energy Economics and Policy 3, no. 3 (September 2013): 262-71.
EndNote Nnaji CE, Chukwu JO, Nnaji M (September 1, 2013) Electricity Supply, Fossil fuel Consumption, Co2 Emissions and Economic Growth: Implications and Policy Options for Sustainable Development in Nigeria. International Journal of Energy Economics and Policy 3 3 262–271.
IEEE C. E. Nnaji, J. O. Chukwu, and M. Nnaji, “ Co2 Emissions and Economic Growth: Implications and Policy Options for Sustainable Development in Nigeria”., IJEEP, vol. 3, no. 3, pp. 262–271, 2013.
ISNAD Nnaji, Chibueze Eze et al. “ Co2 Emissions and Economic Growth: Implications and Policy Options for Sustainable Development in Nigeria”. International Journal of Energy Economics and Policy 3/3 (September 2013), 262-271.
JAMA Nnaji CE, Chukwu JO, Nnaji M. Electricity Supply, Fossil fuel Consumption, Co2 Emissions and Economic Growth: Implications and Policy Options for Sustainable Development in Nigeria. IJEEP. 2013;3:262–271.
MLA Nnaji, Chibueze Eze et al. “ Co2 Emissions and Economic Growth: Implications and Policy Options for Sustainable Development in Nigeria”. International Journal of Energy Economics and Policy, vol. 3, no. 3, 2013, pp. 262-71.
Vancouver Nnaji CE, Chukwu JO, Nnaji M. Electricity Supply, Fossil fuel Consumption, Co2 Emissions and Economic Growth: Implications and Policy Options for Sustainable Development in Nigeria. IJEEP. 2013;3(3):262-71.