Exploring the interconnections among natural resources, economic growth, energy use, and carbon emissions across West African Nations
摘要
This study focuses on the linkages between Sustainable Development Goals (SDGs) 7, 8, 12, and 13 by analyzing data from 15 West African nations between 2003 and 2020. The study provides insight on how energy consumption, economic growth and natural resource exploitation affect carbon emissions and economic development. The study uses panel data analysis, employing fixed and random effects models to assess the relationships between energy use, natural resources, economic growth, and carbon emissions. The analysis investigates the individual and combined effects of energy use and natural resources on carbon emissions, as well as their impacts on economic growth. Higher energy consumption is linked to reduced carbon emissions, according to the results, probably because more people are turning to renewable energy sources. The study raises the possibility of a resource curse because the exploitation of natural resources seems to have a detrimental effect on economic growth. It also looks at the need for sustainable resource management and the prioritization of renewable energy projects to foster economic growth and address environmental challenges. This study provides empirical evidence on the dynamic relationships between natural resources, energy use, economic growth, and carbon emissions within the specific context of West Africa with practical insights towards the adoption of renewable energy technologies and improved governance structures to manage natural resources effectively.