article · International Journal of Advanced Business Studies
Balancing economic expansion with environmental sustainability remains a significant challenge for resource-rich developing nations such as Nigeria. An evaluation of time series data spanning from 1990 to 2021 reveals the long-run relationships connecting renewable energy, foreign direct investment, trade openness, and carbon dioxide emissions. The evidence indicates that adopting renewable energy substantially curtails environmental degradation. Conversely, standard foreign direct investment, economic expansion, and trade openness drive increases in carbon emissions. Economic growth and climate goals can align if coordinated policy frameworks steer capital into cleaner industrial techniques and energy-efficient sectors. Encouraging green foreign investment in renewable technologies and aligning international trade practices with global environmental standards can help lower emission levels while supporting continuous economic development.
Developing economies frequently experience rising emissions alongside industrial expansion. Demonstrating that renewable energy mitigates environmental harm while conventional foreign investment and trade intensify pollution provides vital evidence for decision-makers. It highlights how developing economies can sustain productivity and trade without compromising long-term climate targets, pointing to a necessary transition towards green foreign investment and clean industrial technologies.
The abstract does not indicate a direct commercial application pathway or product, as it focuses on macroeconomic and policy analysis. However, the findings highlight strategic sectors for clean technology investors, development funders, and policy architects. These parties can use the evidence to structure green foreign direct investment initiatives and design trade mechanisms that encourage the adoption of energy-efficient industrial technologies.
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Global sustainability is still severely hampered by the rising CO2 concentration, especially in developing nations like Nigeria. Nigeria faces difficulties in striking a balance between EG and environmental sustainability because of its abundance of natural resources and rapid economic growth. Sequel to this, this study examines connections amid renewable energy, inflation and CO2 in Nigeria. The study used ARDL methods over the period of 1990-2021 utilizing time series data from World Development Indicator (WDI, 2022). The findings indicate that long-run equilibrium estimates verify that while RE considerably reduces environmental degradation, GDP growth, FDI, and TR continue to put positive pressure on CO2 emissions. From a policy perspective, the study shows that GDPC and environmental sustainability may coexist under the direction of cogent frameworks that incorporate energy, trade, and investment initiatives. Promoting green FDI in energy-efficient industries and renewable technology can boost growth and lower emissions. Increasing TR in accordance with global environmental standards promotes the spread of cleaner industrial techniques and technical spillovers.
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DOI: 10.59857/tysync69
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