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Title	Modelling the connection between energy intensity, renewable energy, globalization, technological innovation and CO₂ emissions: A Quantile-on-Quantile technique
ID_Doc	33456
Authors	Somoye, OA; Seraj, M; Ozdeser, H; Mar'I, M
Title	Modelling the connection between energy intensity, renewable energy, globalization, technological innovation and CO₂ emissions: A Quantile-on-Quantile technique
Year	2024
Published	Geological Journal, 59.0, 4
Abstract	As Nigeria progresses towards reaching net-zero emissions by 2060, it is crucial to identify the factors responsible for environmental deterioration and those that enhance ecological well-being. It is equally significant to emphasize that Nigeria's economy is heavily dependent on fossil fuels, which have proven unsustainable and environmentally unsafe. As a result, this research investigates the impact of energy intensity (EINT), renewable energy consumption (RENC), globalization (GLOX), technological innovation (TINV) and carbon dioxide emissions (CO2) in Nigeria from 1990Q1-2019Q4. The methods employed include Quantile-on-Quantile (QQ) and non-parametric causality. The QQ method reveals that EINT has both positive and negative impacts on CO2, varying in magnitude from 3 to -5. Higher quantiles of RENC tend to influence CO2 positively, whereas the lower quantile has a negative impact. Negative shocks of GLOX on CO2 have less impact, with a maximum magnitude of -1 at the upper quantile of CO2. In contrast, the positive shocks seem to have a stronger impact and vary in magnitude. TINV has negative shocks across all quantiles. In addition, a significant causality is observed in the upper, middle and lower quantiles. This study suggests that policymakers should implement policies encouraging investments in renewable energy and green technologies.
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