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Rethinking Pro-Growth Climate Policy in Nigeria: A Theoretical Review

In: Global Investment Decisions in the Circular Economy

Author

Listed:
  • Kingsley Imandojemu

    (Central Bank of Nigeria
    Babcock University, Department of Economics
    DEPECOS Institutions and Development Research Centre (DIaDeRC))

  • Romanus Osabohien

    (DEPECOS Institutions and Development Research Centre (DIaDeRC)
    Universiti Tenaga Nasional (UNITEN), Institute of Energy Policy and Research (IEPRe))

  • Owopetu Ayodeji Abiodun

    (Nigerian Deposit Insurance Corporation)

  • Mamdouh Abdulaziz Saleh Al-Faryan

    (The Saudi Economic Association)

Abstract

Numerous theoretical underpinnings have surfaced in an effort to articulate the connection between climate change and the economy. This review challenges the current state of knowledge on the topic by utilizing new developments in the empirical and theoretical literature. Using an amalgam of literature study and empirical point in case, we highlight the key constraints and limitations of the current theories of climate change and economy. Particularly, ideas that place a strong emphasis on quick economic expansion and the proliferation of measures to achieve it even at the detriment of environmental quality. Numerous studies indicate that growth is a must from the standpoint of sustainable development, but they cannot be viewed as a one-size-fits-all solution. Notably, it is frequently best to combine policies that promote growth with those that safeguard the environment.

Suggested Citation

  • Kingsley Imandojemu & Romanus Osabohien & Owopetu Ayodeji Abiodun & Mamdouh Abdulaziz Saleh Al-Faryan, 2025. "Rethinking Pro-Growth Climate Policy in Nigeria: A Theoretical Review," Contributions to Economics, in: Serhat Yüksel & Hasan Dinçer & Muhammet Deveci (ed.), Global Investment Decisions in the Circular Economy, chapter 0, pages 155-167, Springer.
    • Handle: RePEc:spr:conchp:978-3-031-86236-6_12
    DOI: 10.1007/978-3-031-86236-6_12
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