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The rise and fall of the energy-carbon Kuznets curve: Evidence from Africa

Author

Listed:
  • Olatunji A. Shobande

    (University of Aberdeen, UK)

  • Simplice A. Asongu

    (Yaoundé, Cameroon)

Abstract
Purpose – This paper provides an analysis of the energy-carbon Kuznets curve hypothesis (CKC) using a second-generation panel methodology. Design/methodology/approach – Specifically, we investigate whether energy consumption, natural resources, and governance explain the CKC proposition. Our empirical strategy is based on the Westerlund panel cointegration test, augmented mean group (AMG), and vector autoregressive (VAR) panel Granger-causality tests. Findings – The results suggest that the CKC hypothesis is incomplete without these mechanisms, as they play a critical role in reducing carbon emissions in Africa. We recommend improving the environmental standards and proper regulatory and monitoring systems to reduce carbon emissions and promote sustainable development in the continent. Originality/value –The study revisits the CKC hypothesis with particular emphasis on governance and more robust empirical estimation techniques.

Suggested Citation

  • Olatunji A. Shobande & Simplice A. Asongu, 2021. "The rise and fall of the energy-carbon Kuznets curve: Evidence from Africa," Working Papers 21/069, European Xtramile Centre of African Studies (EXCAS).
    • Handle: RePEc:exs:wpaper:21/069
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    Cited by:

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    2. Irfan, Muhammad & Elavarasan, Rajvikram Madurai & Ahmad, Munir & Mohsin, Muhammad & Dagar, Vishal & Hao, Yu, 2022. "Prioritizing and overcoming biomass energy barriers: Application of AHP and G-TOPSIS approaches," Technological Forecasting and Social Change, Elsevier, vol. 177(C).
    3. Minyoung Yang & Jinsoo Kim, 2022. "A Critical Review of the Definition and Estimation of Carbon Efficiency," Sustainability, MDPI, vol. 14(16), pages 1-18, August.
    4. Olatunji Abdul Shobande & Lawrence Ogbeifun, 2022. "Sustainable Blueprint: Do Stock Investors Increase Emissions?," JRFM, MDPI, vol. 15(2), pages 1-13, February.
    5. Shobande, Olatunji A., 2023. "Rethinking social change: Does the permanent and transitory effects of electricity and solid fuel use predict health outcome in Africa?," Technological Forecasting and Social Change, Elsevier, vol. 186(PB).

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    More about this item

    Keywords

    carbon cuts; Energy consumption; Governance; Climate crisis; Panel analysis; Africa;
    All these keywords.

    JEL classification:

    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General
    • Q30 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - General
    • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General

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