Abstract

In line with the need to mitigate the capacity of CO2 explosion, several elements have been analyze in relation to CO2 discharge. For this purpose, the study examines the influence of economic performance, energy utilization, financial sector improvement and FDI on CO2 discharge in Nigeria by the application of ARDL approach from 1980 to 2017. The out come from the cointegration test confirm the long run linkage on the variables of the model. In the short run estimation, economic performance and financial development have positive effect on CO2 discharge in Nigeria, while FDI condense the explosion of CO2. The long run estimates indicate that economic performance, financial progress and FDI reduce CO2 discharge. However, energy use has no impact on CO2 explosion in nation. Hence, it is suggest that policymakers should continue with the current measure on the mitigation of CO2. In addition, other refine measures in terms of financial reform and anti-corruption should be considered for the sustainable economic performance. Government should also emphasize on the use of low emission technology for industrial and domestic purposes.