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ID:
107498
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Publication |
2011.
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Summary/Abstract |
This study investigated the relationship between per capita income and environmental degradation in Africa, using longitudinal data on suspended particulate matter and organic water pollutants. The specific objective was to estimate environmental Kuznets curves for two indicators of environmental quality and to establish whether the estimated relationships conform to the inverted U-shape hypothesis. The results of the empirical investigation generally suggest the existence of an environmental Kuznets curve for suspended particulate matter. In the case of organic water pollutants, the evidence weighs more in favor of rising pollution as per capita income increases. The turning point levels of income established for the two indicators of environmental quality were however generally low, when compared to evidence from existing studies. On the face value, this suggests that African countries may be turning the corner of the environmental Kuznets curve, much faster, and at lower levels of income, much in line with the emerging idea of a "revised environmental Kuznets curve". The results also suggest that economic growth and rising incomes may matter in African countries in order to curb pollution from these pollutants, but more stringent policy measures, particularly at the industrial level would be required to curb environmental degradation from organic water pollutants.
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2 |
ID:
150732
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Summary/Abstract |
The goal of this paper is to provide new insights to elucidate the inconclusive results from the Environmental Kuznets Curve (EKC) empirical literature. For the first time in empirical literature, an econometric analysis includes the relative prices for several energy sources. The paper provides strong evidence on the relevance of energy prices to CO2 emissions. Accordingly, one reason for the lack of agreement in the EKC literature may be the absence of energy prices in empirical exercises. The presence of relative energy price changes in the econometric specification confirms a monotonic and positive relationship between CO2 and gross domestic product (GDP). Therefore, we may conclude that there is a decoupling process but without reaching any turning point on that relationship. The policy implications are straightforward. Direct climate action by policy makers is required to break the positive relationship between CO2 and GDP. That conclusion has been reinforced by the reduction of energy prices since the middle of 2014. Otherwise, the trend in energy prices may reverse the relative decarbonisation processes accounted for in recent years in major developed countries.
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