Banking Sector Development And Climate Change In Nigeria

Résumé: Abstract Recent years have seen a shift in focus on C02 emission reduction in both the developed and emerging economies in order to improve environmental sustainability. Numerous policies and empirical research were compiled in an effort to suggest some viable policy options for achieving sustainable development. In light of this, the current study investigated the impact of Nigeria's banking sector development on climate change. The study used banking accessibility, depth, efficiency and stability to measure banking sector development while C02 emission was used to proxy climate change. Expo facto research design was used and the study covered the period of 31 years which spans from 1990 to 2020. The data used for the study were sourced from Global Financial Data and World Bank Data Indicator. The method of estimation is Autoregressive distributed lag (ARDL). The study found that banking sector development has a dynamic effect on climate change in Nigeria. Thus, it can be concluded that bank accessibility and depth are the most determinant of climate change in the long run while in the short run, the bank accessibility, depth, stability and efficiency significantly determined the climate change in Nigeria.in view of this, the study recommends that banks should minimize the rate at which enterprises have access to credit loan and this could be used to prevent the enterprises to reduce spending on carbon dioxide emitting product.

Publié dans la revue: مجـــــــــــــــــــــــلة المشكلة الاقـــــــــــــــــــتصادية والتنمية