Agricultural Production, Renewable Energy Consumption, Foreign Direct Investment, and Carbon Emissions: New Evidence from Africa
This paper explores the nexus between agricultural production, renewable energy, foreign direct investment (FDI), and carbon emissions in Africa, where there is limited evidence on the topic. Relying on panel data covering thirty-one African countries obtained from the World Bank World Development I...
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| Format: | Article |
| Language: | English |
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MDPI AG
2022-11-01
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| Series: | Atmosphere |
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| Online Access: | https://www.mdpi.com/2073-4433/13/12/1981 |
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| author | Nneka Maris Chidiebere-Mark Robert Ugochukwu Onyeneke Ifeyinwa Josephine Uhuegbulem Daniel Adu Ankrah Louis Uchenna Onyeneke Basil Ngozichukwu Anukam Maureen Obiageli Chijioke-Okere |
| author_facet | Nneka Maris Chidiebere-Mark Robert Ugochukwu Onyeneke Ifeyinwa Josephine Uhuegbulem Daniel Adu Ankrah Louis Uchenna Onyeneke Basil Ngozichukwu Anukam Maureen Obiageli Chijioke-Okere |
| author_sort | Nneka Maris Chidiebere-Mark |
| collection | DOAJ |
| description | This paper explores the nexus between agricultural production, renewable energy, foreign direct investment (FDI), and carbon emissions in Africa, where there is limited evidence on the topic. Relying on panel data covering thirty-one African countries obtained from the World Bank World Development Indicators and FAOSTAT databases, we answered the question of whether agricultural production (proxied by livestock production, fertilizer consumption, and land under cereal cultivation), the use of renewable energy, and FDI increase or reduce carbon emissions. Using the panel autoregressive distributed lag model for analysis, our results show that net FDI, fertilizer consumption, livestock production significantly increased carbon emissions, both in the short run and long run. Meanwhile, renewable energy use consumption significantly decreased carbon emissions, both in the short run and long run. Specifically, a 1% increase in net FDI increased total carbon emissions by 0.003% in the short run and by 0.01% in the long run. Renewable energy consumption significantly decreased carbon emissions, both in the short run and long run. A 1% increase in renewable energy consumption decreased total carbon emissions by 0.16% in the short run and by 0.22% in the long run. Additionally, fertilizer consumption and livestock production significantly increased carbon emissions in the short run and long run. A 1% increase in fertilizer consumption increased total carbon emissions by 0.01% in the short run and by 0.04% in the long run, while a 1% increase in livestock production increased total carbon emissions by 0.20% in the short run and by 0.56% in the long run. The findings call for investment in renewable energy technologies and consumption while advocating for large-scale uptake of climate-smart agriculture, and environmentally friendly targeted foreign direct investments on the continent. |
| first_indexed | 2024-03-09T17:21:03Z |
| format | Article |
| id | doaj.art-62ea1af2c5324cf4bc9b0c738f25f1a6 |
| institution | Directory Open Access Journal |
| issn | 2073-4433 |
| language | English |
| last_indexed | 2024-03-09T17:21:03Z |
| publishDate | 2022-11-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Atmosphere |
| spelling | doaj.art-62ea1af2c5324cf4bc9b0c738f25f1a62023-11-24T13:10:46ZengMDPI AGAtmosphere2073-44332022-11-011312198110.3390/atmos13121981Agricultural Production, Renewable Energy Consumption, Foreign Direct Investment, and Carbon Emissions: New Evidence from AfricaNneka Maris Chidiebere-Mark0Robert Ugochukwu Onyeneke1Ifeyinwa Josephine Uhuegbulem2Daniel Adu Ankrah3Louis Uchenna Onyeneke4Basil Ngozichukwu Anukam5Maureen Obiageli Chijioke-Okere6Department of Agricultural Economics, Extension and Rural Development, Imo State University, Owerri 460108, NigeriaDepartment of Agriculture, Alex Ekwueme Federal University Ndufu-Alike, Ikwo 482131, NigeriaDepartment of Agricultural Economics, Federal University of Technology, Owerri 460114, NigeriaDepartment of Agricultural Extension, University of Ghana, P.O. Box LG 68, Legon, GA-492-3175 Accra, GhanaDepartment of Geology/Geophysics, Alex Ekwueme Federal University Ndufu-Alike, Ikwo 482131, NigeriaDepartment of Chemistry, Federal University of Technology, Owerri 460114, NigeriaDepartment of Chemistry, Federal University of Technology, Owerri 460114, NigeriaThis paper explores the nexus between agricultural production, renewable energy, foreign direct investment (FDI), and carbon emissions in Africa, where there is limited evidence on the topic. Relying on panel data covering thirty-one African countries obtained from the World Bank World Development Indicators and FAOSTAT databases, we answered the question of whether agricultural production (proxied by livestock production, fertilizer consumption, and land under cereal cultivation), the use of renewable energy, and FDI increase or reduce carbon emissions. Using the panel autoregressive distributed lag model for analysis, our results show that net FDI, fertilizer consumption, livestock production significantly increased carbon emissions, both in the short run and long run. Meanwhile, renewable energy use consumption significantly decreased carbon emissions, both in the short run and long run. Specifically, a 1% increase in net FDI increased total carbon emissions by 0.003% in the short run and by 0.01% in the long run. Renewable energy consumption significantly decreased carbon emissions, both in the short run and long run. A 1% increase in renewable energy consumption decreased total carbon emissions by 0.16% in the short run and by 0.22% in the long run. Additionally, fertilizer consumption and livestock production significantly increased carbon emissions in the short run and long run. A 1% increase in fertilizer consumption increased total carbon emissions by 0.01% in the short run and by 0.04% in the long run, while a 1% increase in livestock production increased total carbon emissions by 0.20% in the short run and by 0.56% in the long run. The findings call for investment in renewable energy technologies and consumption while advocating for large-scale uptake of climate-smart agriculture, and environmentally friendly targeted foreign direct investments on the continent.https://www.mdpi.com/2073-4433/13/12/1981greenhouse gas emissionsagricultural productionFDIrenewable energypanel ARDLAfrica |
| spellingShingle | Nneka Maris Chidiebere-Mark Robert Ugochukwu Onyeneke Ifeyinwa Josephine Uhuegbulem Daniel Adu Ankrah Louis Uchenna Onyeneke Basil Ngozichukwu Anukam Maureen Obiageli Chijioke-Okere Agricultural Production, Renewable Energy Consumption, Foreign Direct Investment, and Carbon Emissions: New Evidence from Africa Atmosphere greenhouse gas emissions agricultural production FDI renewable energy panel ARDL Africa |
| title | Agricultural Production, Renewable Energy Consumption, Foreign Direct Investment, and Carbon Emissions: New Evidence from Africa |
| title_full | Agricultural Production, Renewable Energy Consumption, Foreign Direct Investment, and Carbon Emissions: New Evidence from Africa |
| title_fullStr | Agricultural Production, Renewable Energy Consumption, Foreign Direct Investment, and Carbon Emissions: New Evidence from Africa |
| title_full_unstemmed | Agricultural Production, Renewable Energy Consumption, Foreign Direct Investment, and Carbon Emissions: New Evidence from Africa |
| title_short | Agricultural Production, Renewable Energy Consumption, Foreign Direct Investment, and Carbon Emissions: New Evidence from Africa |
| title_sort | agricultural production renewable energy consumption foreign direct investment and carbon emissions new evidence from africa |
| topic | greenhouse gas emissions agricultural production FDI renewable energy panel ARDL Africa |
| url | https://www.mdpi.com/2073-4433/13/12/1981 |
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