Exploring the Contribution of Energy Price to Carbon Emissions in African Countries

Umar, B., Alam, M.M. & Al-Amin, A.Q. (2021). Exploring the contribution of energy price to carbon emissions in African countries. Environmental Science and Pollution Research, 28(2), 1973–1982. https://doi.org/10.1007/s11356-020-10641-2

17 Pages Posted: 28 Jan 2022

See all articles by Bamanga Umar

Bamanga Umar

Modibbo Adama University of Technology - Department of Banking and Finance

Md. Mahmudul Alam

Universiti Utara Malaysia - School of Economics, Finance and Banking

Abul Quasem Al-Amin

University of Waterloo

Date Written: January 21, 2022

Abstract

The increasing level of greenhouse gas carbon emission currently exacerbates the devastating
effect of global warming on the Earth’s ecosystem. Energy usage is one of the most important
determinants that is increasing the amount of carbon gases being released. Simultaneously, the
level of energy usage is derived by the price and therefore, this study examines the contribution
of energy price to carbon gas emissions in thirteen African nations for the period spanning 1990
to 2017. It does this by utilizing the Cross-sectional Dependence (CD), Augmented Mean
Group (AMG) and Pooled Mean Group (PMG) panel modelling methods. The findings of the
AMG model suggest that a 1% increase in energy price leads to a 0.02% decerease in carbon
emission. The results further reveal that a 1% increase in energy intensity and technological
innovation lead to 0.04% and 3.65% increase in carbon emission, respectively, in the selected
African countries. Findings will help policymakers to implement effective energy price policies
to reduce carbon emissions and achieve sustainable development goals especially in the
emerging economies of Africa.

Keywords: Africa, Energy price, Carbon emissions, Augmented mean group, Pooled Mean Group (PMG), Cross-sectional Dependence (CD), Sustainable development

Suggested Citation

Umar, Bamanga and Alam, Md. Mahmudul and Al-Amin, Abul Quasem, Exploring the Contribution of Energy Price to Carbon Emissions in African Countries (January 21, 2022). Umar, B., Alam, M.M. & Al-Amin, A.Q. (2021). Exploring the contribution of energy price to carbon emissions in African countries. Environmental Science and Pollution Research, 28(2), 1973–1982. https://doi.org/10.1007/s11356-020-10641-2 , Available at SSRN: https://ssrn.com/abstract=4014695

Bamanga Umar

Modibbo Adama University of Technology - Department of Banking and Finance ( email )

Nigeria

Md. Mahmudul Alam (Contact Author)

Universiti Utara Malaysia - School of Economics, Finance and Banking ( email )

Abul Quasem Al-Amin

University of Waterloo ( email )

Waterloo, Ontario N2L 3G1
Canada

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