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The dilemmas of relevance: exploring the role of natural resources and energy consumption in managing climate crisis in Africa.

Authors :
Shobande, Olatunji
Asongu, Simplice
Source :
Management of Environmental Quality: An International Journal; 2023, Vol. 34 Issue 5, p1375-1390, 16p
Publication Year :
2023

Abstract

Purpose: The study examines the role of natural resources (NRs) and energy consumption in managing the climate crisis in Africa, using annual series data from the World Bank from 1980 to 2019. Design/methodology/approach: The empirical strategy is based on the second-generation panel techniques that account for cross-sectional dependency in the series. Specifically, the empirical evidence is based on the Westerlund (2017) panel cointegration test, panel augmented mean group, common correlated effects mean group and the vector autoregressive (VAR)-vector error correction (VEC) approaches. Findings: Evidence from the panel analysis confirmed the existence of Carbon Kuznets Curve (CKC) U-shaped nexus in Africa, but the country-level results are mixed. Furthermore, results using the VAR-vector correction model indicate possible convergence among the variables across the African countries. NR unidirectionally Granger-causes carbon emissions. The authors suggest the consideration of environmental factors in the utilisation of NRs. Similarly, energy efficiency is crucial to decouple carbon from energy usage. Originality/value: The study complements the extant literature by assessing the role of NRs and energy consumption in managing climate crisis in Africa. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
14777835
Volume :
34
Issue :
5
Database :
Complementary Index
Journal :
Management of Environmental Quality: An International Journal
Publication Type :
Academic Journal
Accession number :
164960575
Full Text :
https://doi.org/10.1108/MEQ-01-2023-0025