Title: Disaggregated energy consumption and ecological footprint: proposing an SDG framework for newly industrialised countries

Authors: Tomiwa Sunday Adebayo; Seyi Saint Akadiri; Yusuf Adamu; Godwin O. Olasehinde-Williams

Addresses: Department of Business Administration, Faculty of Economics and Administrative Science, Cyprus International University, Nicosia, North Cyprus, Mersin 10, Turkey ' Research Department, Central Bank of Nigeria, Abuja, Nigeria ' Research Department, Central Bank of Nigeria, Abuja, Nigeria ' Department of Economics, Istanbul Ticaret University, Istanbul, Turkey

Abstract: This paper considers newly industrialised countries (NICs) as examples to evaluate the interrelationship between non-renewable energy (oil, coal and gas), renewable energy (hydro and geothermal) and ecological footprint, using panel data from 1990 to 2018. The findings from both the common correlated effects mean group (CCEMG) and augmented mean group (AMG) estimators reveal that economic growth intensifies ecological footprint. Furthermore, non-renewable energy (coal, oil and gas) amplifies the deterioration of the environment, while renewable energy (hydro and geothermal) does not enhance the environment. In addition, the causality provides credibility to the findings generated from the AMG and CCEMG long-run estimators. The results of this study are significant for policymakers in the NICs in terms of achieving the sustainable development goals (SDGs). [Received: March 20, 2022; Accepted: October 7, 2022]

Keywords: ecological footprint; coal; gas; oil; geothermal; hydro; newly industrialised countries; NICs.

DOI: 10.1504/IJOGCT.2023.129579

International Journal of Oil, Gas and Coal Technology, 2023 Vol.32 No.4, pp.417 - 439

Received: 10 Mar 2022
Accepted: 07 Oct 2022
Published online: 14 Mar 2023 *

Full-text access for editors Full-text access for subscribers Purchase this article Comment on this article