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

PurposeThe 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/approachThe empirical strategy is based on the second-generation panel techniques that acco...

Full description

Saved in:
Bibliographic Details
Published in:Management of environmental quality Vol. 34; no. 5; pp. 1375 - 1390
Main Authors: Shobande, Olatunji, Asongu, Simplice
Format: Journal Article
Language:English
Published: Bradford Emerald Publishing Limited 18-07-2023
Emerald Group Publishing Limited
Subjects:
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:PurposeThe 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/approachThe 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.FindingsEvidence 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/valueThe study complements the extant literature by assessing the role of NRs and energy consumption in managing climate crisis in Africa.
ISSN:1477-7835
1758-6119
DOI:10.1108/MEQ-01-2023-0025