Abstract
The general objective of this paper is to analyze the influence of economic growth on CO2 emissions in the Republic of Congo. The data used cover the period 1980-2015 and were extracted from the World Bank’s World Development Indicator (WDI 2021) database. Through ARDL modeling, the results show the existence of an inverted U-shaped curve between economic growth and carbon dioxide emissions in the Republic of Congo over the period. However, the Gross Domestic Product variable has no effect on carbon dioxide emissions in the short term. With respect to the environmental protection policy instruments deployed, the Republic of Congo represents a good example of governance. Thus, we recommend that the government strengthen environmental protection and renewable energy policies so that economic growth is always achieved without carbon dioxide emissions exceeding environmentally acceptable limits.
Highlights
Economic growth is considered one of the priority objectives of economic policies because of its ability to address poverty, inequality, and income disparities
Through ARDL modeling, the results show the existence of an inverted U-shaped curve between economic growth and carbon dioxide emissions in the Republic of Congo over the period
The value of the correlation coefficient (0.55) between these two variables is positive and significant at the one percent threshold. This indicates that the evolution of CO2 emissions in Congo could be linked to 55.18% to that of GDP-capita
Summary
Economic growth is considered one of the priority objectives of economic policies because of its ability to address poverty, inequality, and income disparities. Kpemoua (2016) points out that the development of economic growthgenerating activities is the cause of atmospheric warming, due to the release of carbon dioxide (CO2) and pollutants. The relationship pits two currents of environmental economics against each other: the weak and strong approaches to sustainability. The work of Hartwick (1977) argues that an integrated approach to growth must necessarily take into account the notion of externality, which was neglected by Adam Smith
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