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Achieving carbon neutrality in West Africa: The impact of financial development and good governance
Achieving a net zero carbon has been one of the main agendas for all state and non-state actors. The political system of developing countries sometimes makes both internal and external actors question their efforts toward the agenda. Therefore, this study contributes to previous literature in analyz...
Autores principales: | , , , , |
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Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
Public Library of Science
2023
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Materias: | |
Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10602346/ https://www.ncbi.nlm.nih.gov/pubmed/37883376 http://dx.doi.org/10.1371/journal.pone.0293235 |
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author | Gyimah, Justice Nwigwe, Ujunwa Angela Safi, Deborah Rubuye Opoku, Erica Odwira Yao, Xilong |
author_facet | Gyimah, Justice Nwigwe, Ujunwa Angela Safi, Deborah Rubuye Opoku, Erica Odwira Yao, Xilong |
author_sort | Gyimah, Justice |
collection | PubMed |
description | Achieving a net zero carbon has been one of the main agendas for all state and non-state actors. The political system of developing countries sometimes makes both internal and external actors question their efforts toward the agenda. Therefore, this study contributes to previous literature in analyzing the empirical effect of financial development and governance quality on carbon emissions. The study covers sixteen West African countries with data from 1996 to 2021. The study employs the Generalized Method of Moments for the analysis. Financial development in all the models contributes to carbon emissions. However, the effect of governance quality indicators varies depending on the model and the indicator(s) used. Nevertheless, economic governance and political governance in most models contribute to environmental pollution, but institutional governance helps promote environmental quality. Renewable energy and economic growth promote environmental quality through carbon mitigation. However, trade openness promotes environmental pollution by encouraging the release of carbon emissions. Finally, relevant policy implications are proposed based on the empirical findings of the study. |
format | Online Article Text |
id | pubmed-10602346 |
institution | National Center for Biotechnology Information |
language | English |
publishDate | 2023 |
publisher | Public Library of Science |
record_format | MEDLINE/PubMed |
spelling | pubmed-106023462023-10-27 Achieving carbon neutrality in West Africa: The impact of financial development and good governance Gyimah, Justice Nwigwe, Ujunwa Angela Safi, Deborah Rubuye Opoku, Erica Odwira Yao, Xilong PLoS One Research Article Achieving a net zero carbon has been one of the main agendas for all state and non-state actors. The political system of developing countries sometimes makes both internal and external actors question their efforts toward the agenda. Therefore, this study contributes to previous literature in analyzing the empirical effect of financial development and governance quality on carbon emissions. The study covers sixteen West African countries with data from 1996 to 2021. The study employs the Generalized Method of Moments for the analysis. Financial development in all the models contributes to carbon emissions. However, the effect of governance quality indicators varies depending on the model and the indicator(s) used. Nevertheless, economic governance and political governance in most models contribute to environmental pollution, but institutional governance helps promote environmental quality. Renewable energy and economic growth promote environmental quality through carbon mitigation. However, trade openness promotes environmental pollution by encouraging the release of carbon emissions. Finally, relevant policy implications are proposed based on the empirical findings of the study. Public Library of Science 2023-10-26 /pmc/articles/PMC10602346/ /pubmed/37883376 http://dx.doi.org/10.1371/journal.pone.0293235 Text en © 2023 Gyimah et al https://creativecommons.org/licenses/by/4.0/This is an open access article distributed under the terms of the Creative Commons Attribution License (https://creativecommons.org/licenses/by/4.0/) , which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited. |
spellingShingle | Research Article Gyimah, Justice Nwigwe, Ujunwa Angela Safi, Deborah Rubuye Opoku, Erica Odwira Yao, Xilong Achieving carbon neutrality in West Africa: The impact of financial development and good governance |
title | Achieving carbon neutrality in West Africa: The impact of financial development and good governance |
title_full | Achieving carbon neutrality in West Africa: The impact of financial development and good governance |
title_fullStr | Achieving carbon neutrality in West Africa: The impact of financial development and good governance |
title_full_unstemmed | Achieving carbon neutrality in West Africa: The impact of financial development and good governance |
title_short | Achieving carbon neutrality in West Africa: The impact of financial development and good governance |
title_sort | achieving carbon neutrality in west africa: the impact of financial development and good governance |
topic | Research Article |
url | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10602346/ https://www.ncbi.nlm.nih.gov/pubmed/37883376 http://dx.doi.org/10.1371/journal.pone.0293235 |
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