| 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 |
| DOI |
10.1002/gj.4930 |
| 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. |
| Author Keywords |
CO2 emissions; Quantile-on-Quantile; renewable energy; technological innovation |
| Index Keywords |
Index Keywords |
| Document Type |
Other |
| Open Access |
Open Access |
| Source |
Science Citation Index Expanded (SCI-EXPANDED) |
| EID |
WOS:001156891000001 |
| WoS Category |
Geosciences, Multidisciplinary |
| Research Area |
Geology |
| PDF |
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