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Research Article Open access CC BY 4.0

Carbon Accounting and Economic Development in Sub-Saharan Africa

Okere Wisdom, Nwaobia Apollos, Olaoye Samuel

Asian Journal of Economics, Business and Accounting · pp. 81–89 · Published 11 Jun 2022

10.9734/ajeba/2022/v22i1830653

Abstract

This study examined the impact of carbon accounting on economic development in Sub-Saharan Africa (SSA). This study made use of secondary data, which was analysed using Panel General Method of Means (GMM) as well as other econometric tests. The research findings show that carbon accounting had a significant impact of economic development in Sub-Saharan Africa. In addition, it was revealed that with the introduction of environmental tax on emissions, carbon emissions (CO2) had a negative and significant impact of economic development in SSA. This study recommended that Governments should aid companies who are evidently reducing their carbon levels with environmental tax-free periods as long as they can maintain their reduction in emission levels. This would aid these companies to produce more, which would thereby lead to more economic development.

Carbon accounting economic development carbon emissions SSA gross domestic product

Cited by 3

Green innovation and environmental quality in OECD countries: the mediating role of renewable energy and carbon taxes

Kafeel Kafeel, Jing Zhou, Monmala Phetkhammai · Environmental Science and Pollution Research · 2023

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