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Climate Change, Industrial Activity and Economic Growth: A Cross Regional Analysis

Author

Listed:
  • PAUL I. OJEAGA

    (College of Management Sciences Federal University of Agriculture. Abeokuta NIGERIA)

  • SUNDAY M. POSU

    (College of Management Sciences Federal University of Agriculture. Abeokuta NIGERIA)

Abstract

Industrial Activity and its related output continue to contribute to economic growth for emerging and already developed World economies. Industrial activity also has strong negative consequences for the environment, one of which is climate change, attributable to greenhouse gas emissions (GHG) and other causatives. This study investigates the link between climate change, industr ial activity and growth for World regions using six regions of the World. The questions the study tries to answer include if industrial activity across regions were impacting climate change and if such industrial activity drives growth at the expense of climate change. The study provides an overview of the current implications of industrial activity on climate change at a time when world leaders and policy makers are drafting a World pollution mitigation blue print in Paris. It was found that there exists a link between industrial activity, climate change and economic growth. And that emission cuts and green economies are likely a way to go, in mitigating the impact of climate change on the environment.

Suggested Citation

  • Paul I. Ojeaga & Sunday M. Posu, 2017. "Climate Change, Industrial Activity and Economic Growth: A Cross Regional Analysis," Global Economic Observer, "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences;Institute for World Economy of the Romanian Academy, vol. 5(2), pages 7-17, December.
    • Handle: RePEc:ntu:ntugeo:vol5-iss2-17-007
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Climate Change; Entrepreneurial and Industrial Activity and efficiency; Innovation and Environmental Pollution;
    All these keywords.

    JEL classification:

    • C5 - Mathematical and Quantitative Methods - - Econometric Modeling
    • Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy

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