Asian Journal of Business Environment

Korea Distribution Science Association (한국유통과학회)
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Impact of Energy Consumption, FDI and Trade Openness on Carbon Emissions in lvory Coast

  • Ange Aurore KADI (School of Business, Nanjing University of Information Science and Technology University) ;
  • Liang LI (School of Business, Nanjing University of Information Science and Technology) ;
  • David Dauda LANSANA (School of Business, Nanjing University of Information Science and Technology) ;
  • Joseph FUSEINI (School of Management Science and Engineering, Nanjing University of Information Science and Technology)
  • Received : 2024.04.10
  • Accepted : 2024.05.14
  • Published : 2024.07.30
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Abstract

Purpose: The study focuses on the impact of Foreign Direct Investment (FDI), trade openness, and energy consumption on carbon dioxide emissions in the Ivory Coast. It aims to quantitatively evaluate the effects of FDI, energy consumption, and trade openness on CO2 emissions in Ivory Coast. Research design, data, and methodology: The research uses an econometric framework and the Autoregressive Distributed Lag (ARDL) model to analyze time-series data from 1980 to 2021 between these factors. Results: The analysis revealed that FDI significantly impacts the carbon dioxide emissions, FDI showed a negative impact on carbon emissions in the long-run equilibrium term. Also, energy consumption impacted CO2 emissions in the long-run equilibrium term. Conclusion: To mitigate the upsurge of CO2 emissions in the Ivorian context, concrete policy, including enactment and adherence to strict environmental regulations, adoption and prioritization of eco-friendly products and technologies, and investment in renewable energy infrastructure are recommended. The study contributes to the global discussion on sustainable development by offering a model for similar assessments in other emerging nations facing simultaneous economic growth and environmental conservation challenges.

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