Carbon emission tax as tool for reducing emission in Nigeria: a literature review
International Journal of Development Research
Carbon emission tax as tool for reducing emission in Nigeria: a literature review
Received 19th December, 2019; Received in revised form 26th January, 2020; Accepted 17th February, 2020; Published online 30th March, 2020
Copyright © 2020, ADEGBIE, Folajimi et al. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
This paper through literature review and meta-analysis investigates carbon emission tax as a tool for emission reduction in Nigeria’s economy. To obtain robust findings, other countries experience as regards to carbon emission tax policy implementation were reviewed. Findings from the meta-analysis show thatcarbon emission tax would significantly reduce carbon emissions and energy consumption from fossil fuels. Therefore, Nigeria should strive to promote clean and friendly environment, which is essential to reducing carbon emission.Furthermore, implementing a carbon emission tax would improve the use of clean energy, which would be an effective means of reducing carbon emissions. Therefore, the Nigeria government should formulate the regulations for and pass a carbon emission tax as early as possible to achieve its carbon emission reduction target and further contribute to mitigating climate change.
