You have no items in your shopping cart.
ABSTRACT
The study examines the effect of carbon footprint on economic development of Nigeria.The study adopted the ordinary least square technique (OLS).
The outcome of the study revealed that carbon emission during the considered period showed positive and significant impact on the Nigerian gross domestic product, crude petroleum and natural gas growth during the considered period portrayed positive and insignificant impact on the Nigerian gross domestic product and trade openness during the considered period portrayed positive and insignificant impact on the Nigerian gross domestic product.
The study however recommends thatplanting trees, shrubs, or a garden with a range of food crops can help reduce carbon footprint. The implementation of carbon pricing mechanisms, such as carbon taxes or cap-and-trade programs, is necessary to internalize the environmental costs of carbon emissions. Furthermore, Nigeria government should consider climate change and environmental norms and laws for trading partners when drafting trade policy. Finally, businesses that use sustainable supply chain management and environmentally friendly production techniques ought to be rewarded and promoted as part of green trade programs.
