scholarly journals Energy Poverty, Climate Change and Economic Growth

2021 ◽  
Vol 4 (3) ◽  
pp. 98-115
Author(s):  
Afaha S.J. ◽  
Ifarajimi G.D.
Keyword(s):  
Climate Change ◽  
Economic Growth ◽  
Low Income ◽  
Poverty Reduction ◽  
Clean Energy ◽  
Safety Net ◽  
Northern Region ◽  
Income Smoothing ◽  
Gdp Growth ◽  
Energy Poverty

The study objectives were to determine the short and long-run effects of energy poverty and climate change on economic growth and to theoretically describe the driving factors of household energy poverty status using the Nigeria Demographic and Health Survey (NDHS) dataset, 2018. The Autoregressive Distributed Lagged (ARDL) model was used to estimate variables based on data from 1980 to 2018. The results indicate that energy poverty has a negative or inverse relationship with the GDP growth; energy imports contribute an average of ten percent to the value of the GDP growth. Traditional and dangerous forms of energy use are predominant in Nigerian households. This poses a threat not only to the environment but also to the health of the public. An awareness-raising campaign on using safe and environmentally friendly energy sources should be a priority in Nigeria. Likewise, energy poverty reduction interventions, probably in the form of promotion of cheap and efficient clean energy technologies in the rural sector and the northern region (most especially Northeast), should be executed to enable the households to exit the energy poverty trap. Income smoothing policy measures probably in the form of poverty reduction and safety-net programs should be directed towards the low-income earners in the country in order to ease their level of poverty, of which energy poverty is an important segment.

scholarly journals Are We Providing Enough to Those Who Have Too Little? Measuring Poverty Relief

2017 ◽  
Vol 7 (2) ◽  
pp. 331-347
Author(s):  
Karen L. Jusko ◽  
Katherine Weisshaar
Keyword(s):  
Low Income ◽  
Poverty Reduction ◽  
Program Effectiveness ◽  
Rank Order ◽  
Reduction Rate ◽  
Safety Net ◽  
Poverty Relief ◽  
State Variation ◽  
Social Transfers ◽  
Relief Ratio

This manuscript presents a new measure of safety net program effectiveness—a “poverty relief ratio”—that is based on the estimated relationship between market income and social transfers, and reports the amount of income support provided, relative to the amount required to provide for all low-income households’ basic needs. In an important advance over the standard poverty reduction rate measures, the poverty relief ratio preserves the rank order of observations across varying poverty thresholds. In this paper, we introduce this measure and demonstrate its validity by tracking major changes in federal policy and cross-state variation in safety net programs.

2017 Handbook of IMF Facilities for Low-Income Countries

Policy Papers ◽  
2017 ◽  
Vol 2017 (2) ◽  
Author(s):  
Keyword(s):  
Developing Countries ◽  
Low Income ◽  
Poverty Reduction ◽  
Safety Net ◽  
Policy Coordination ◽  
Low Income Countries ◽  
Executive Board ◽  
Reference Tool ◽  
Financial Safety Net ◽  
Comprehensive Reference

This Handbook provides guidance to staff on the financial facilities and non-financial instruments for low-income countries (LICs), defined here as all countries eligible to obtain concessional financing from the Fund. It updates the previous version of the Handbook that was published in February 2016 (IMF, 2016d) by incorporating modifications resulting from Board papers and related decisions since that time, including Financing for Development—Enhancing the Financial Safety Net for Developing Countries—Further Considerations (IMF, 2016c), Review of Poverty Reduction and Growth Trust – Review of Interest Rate Structure (IMF, 2016b), Eligibility to Use the Fund’s Facilities for Concessional Financing (IMF, 2017a), Large Natural Disasters—Enhancing the Financial Safety Net for Developing Countries (IMF, 2017b) and Adequacy of the Global Financial Safety Net – Proposal for a New Policy Coordination Instrument (IMF, 2017c). Designed as a comprehensive reference tool for program work on LICs, the Handbook also refers, in summary form, to a range of relevant policies that apply more generally to IMF members. As with all guidance notes, the relevant IMF Executive Board decisions, including the terms of the various LIC Trust Instruments that have been adopted by the Board, remain the sole legal authority on the matters covered in the Handbook

scholarly journals Econometrics Analysis of the Relationship between Climate Change and Economic Growth in Selected West African Countries

2020 ◽  
Vol 10 (2) ◽  
pp. 39
Author(s):  
Ebrima K. Ceesay ◽  
Hafeez O. Oladejo ◽  
Prince Abokye ◽  
Ogechi N. Ugbor
Keyword(s):  
Climate Change ◽  
Economic Growth ◽  
Rural Areas ◽  
Poverty Reduction ◽  
Random Effect ◽  
West African ◽  
Estimation Methods ◽  
African Countries ◽  
Climate Change Effects ◽  
The Government

Linkages between Climate Change, Economic Growth and Poverty Reduction have become increasingly popular in local and international communities. This is due to the fact that we are currently facing pressing issues about climate change and poverty reduction effects in our planet. In this paper an empirical testing of the effects of Climate Change, Economic Growth and Poverty Reduction was carried out. Panel estimation methods of fixed effect, random effect, and panel unit root test-fisher type with trend and constant were applied. From the results, shows that economic growth has a negative and highly significant effect on the growth of poverty in the selected West African countries. Using growth rate of economics as dependent variable, the result shows that growth of poverty is highly significant. The population living in rural areas is significant with growth of poverty and highly significant with growth of food security. The policy recommendation is that the government of the west African countries should put in place strategies to reduce poverty, climate change effects on economics growth by following measures; to have strong institution and avoidance of corruption.Such strategies contain to counter climate change effects and increase the resilience of the economy, society and country in general.

scholarly journals Climate Change Mitigation Policies Targeting Households and Addressing Energy Poverty in European Union

Energies ◽  
2020 ◽  
Vol 13 (13) ◽  
pp. 3389 ◽  
Author(s):  
Dalia Streimikiene ◽  
Vidas Lekavičius ◽  
Tomas Baležentis ◽  
Grigorios L. Kyriakopoulos ◽  
Josef Abrhám
Keyword(s):  
Climate Change ◽  
Energy Consumption ◽  
Literature Review ◽  
Emission Reduction ◽  
Poverty Reduction ◽  
Climate Change Mitigation ◽  
Ghg Emission ◽  
Energy Poverty ◽  
Change Mitigation ◽  
Mitigation Policies

Climate change mitigation measures linked to households’ energy consumption have huge greenhouse gases (GHG) emission reduction potential and positive impact on energy poverty reduction. However, measures such as renovation of residential buildings or installation of micro generation technologies based on renewable energy sources have not realized their full energy saving and GHG emission reduction potentials, due to the energy efficiency paradox and other barriers. These climate change mitigation policies targeting the households’ sector can deliver extra benefits such as energy poverty reduction and implementation of the energy justice principle; therefore, they require more attention of scholars and policy makers. The aim of this paper is to analyze the energy poverty and climate change mitigation issues in EU households based on a systematic literature review, and to provide future research paths and policy recommendations. Based on the systematic literature review, this paper develops an integrated framework for addressing energy poverty, just carbon free energy transition and climate change mitigation issues in the EU. Additionally, we argue that more targeted climate change policies and measures are necessary in the light of the shortcomings of current measures to reduce energy poverty and realize climate change mitigation potential linked to energy consumption in households.

scholarly journals Analysis of the RES Potential in Accordance with the Energy Policy of the European Union

Energies ◽  
2021 ◽  
Vol 14 (19) ◽  
pp. 6030
Author(s):  
Tomasz Jałowiec ◽  
Henryk Wojtaszek
Keyword(s):  
Climate Change ◽  
Economic Growth ◽  
European Union ◽  
Renewable Energy ◽  
Energy Policy ◽  
Renewable Energy Sources ◽  
Clean Energy ◽  
Developed Countries ◽  
Energy Sources ◽  
The European Union

There is a need to reduce carbon-based energy and replace it with clean energy in order to counteract the negative effects of climate change. The increase in renewable energy sources may result in savings and the increasing cost of maintaining carbon-based energy. Worldwide involvement is required. The fulfillment of conditions by individual states does not solve the problem. The COVID-19 pandemic has slowed economic growth. It turns out that economic growth is not always associated with increased investments in RES (existing or emerging new clean energy points). We have a new epidemiological threat—Delta—which could become large. This will not improve the situation. Germany is an exemplary country for benchmarking in the field of renewable energy. The worrying fact is that Poland, despite economic growth, does not achieve an even growth in RES. Each of us is required to be involved, to be open to innovation and to act in accordance with the energy policy of the European Union. Basic management functions (planning, organizing, motivating and controlling) are also essential. Failure to meet the demands of the energy policy should be thoroughly verified and consequences should be drawn in order to involve the whole world. The authors thoroughly analyzed many factors that have a significant impact on the success in stopping climate change and increasing RES. With the increase in energy demand, renewable energy is introduced to a greater extent. Additionally, coal energy will be more expensive to maintain. The more RES, the more expensive the energy obtained from mine sources. The investment is an opportunity to meet the demands of RES, but investors are currently only interested in investing in renewable energy in highly developed countries. The decision-making process regarding the implementation of renewable energy sources not only consists in a radical decision to introduce changes, but also in the fulfillment of a number of assumptions regarding the energy policy controlled by the authorities of a given state as part of this action. There is a risk (fear) in underdeveloped countries that they will not be able to finalize this project, either due to the lack of investor interest or the lack of real opportunities due to the failure to meet the guidelines of the energy policy of a given country. It is advisable that state governments facilitate the process as much as possible so that even less developed countries could take advantage of this postulate.

scholarly journals Measuring Energy Poverty and Its Impact on Economic Growth in Pakistan

2021 ◽  
Author(s):  
Shafqut Ullah ◽  
Muhammad Khan ◽  
Seong-Min Yoon
Keyword(s):  
Economic Growth ◽  
Strong Association ◽  
Strong Relationship ◽  
Clean Energy ◽  
Energy Poverty ◽  
Second Stage ◽  
Energy Governance ◽  
Short Run ◽  
The Subject ◽  
Neoclassical Growth Theory

During the last two decades, energy poverty has captured a growing attention of researchers and policymakers due to its strong association with economic poverty and poor economic performance. This study uses a broad set of macro level indicators and makes the first attempt to measure energy poverty and its impact on economic growth of Pakistan over the period 1990 to 2017. In particular, our energy poverty indicator considers four main dimensions of energy poverty, namely, energy services, clean energy, energy governance and energy affordability. Our main results show that though the overall energy poverty has reduced in Pakistan during the selected sample period, the country shows an increasing dependence on polluted energy supply in order to meet its growing demand of energy. In second stage of the investigation, we test the neoclassical growth theory where we incorporate energy poverty along with human capital as source of economic growth. Our cointegration results reveal a strong relationship between energy poverty and economic growth that is also dynamically stable in short run. These strong negative linkages between energy poverty with economic growth for the sample economy complement the previous literature on the subject.

scholarly journals Increased Fossil Fuel Consumption and Its Impact on Energy Efficiency and Economic Growth

2022 ◽  
Vol 11 (1) ◽  
pp. 188
Author(s):  
Kehinde Damilola Ilesanmi ◽  
Devi Datt Tewari
Keyword(s):  
Climate Change ◽  
Economic Growth ◽  
Energy Efficiency ◽  
Energy Consumption ◽  
Energy Security ◽  
Climate Change Mitigation ◽  
Fossil Fuel ◽  
Clean Energy ◽  
Policy Makers ◽  
Change Mitigation

Energy efficiency improvement is believed to be an effective means of reducing energy consumption thereby reducing green-house gas emission and as well promoting sustainable economic development. Therefore, ascertaining the energy efficiency level will guide policy makers on the right kind policy intervention that will guarantee energy security, climate change mitigation and sustainable growth and development. The study employed a multivariate regression technique to estimation of the impact of a change in the energy structure on aggregate energy efficiency and economic growth. It was revealed in the study that, though an increase usage of fossil fuel is an important factor input for economic growth, however, it is inimical to the efforts aimed at combating climate change. The study also revealed that the marginal efficiency of the energy inputs is important for ensuring increased output as well as sustainable energy supply. Energy efficiency was seen as a mechanism for improving optimal energy utilization. Therefore, improving the level of energy efficiency will significantly assist in providing clean energy coupled with achieving sustainable development goals. This will benefit the nation in terms of ensuring energy security together with climate change mitigation. Policy makers should also focus more on investing in energy efficiency promoting technologies in order to reduce the per capita energy consumption without compromising the economic output level.   Received: 16 June 2021 / Accepted: 7 November 2021 / Published: 3 January 2022

Market Access, Growth, and Poverty Reduction in a Kaldorian framework

2017 ◽  
pp. 54-80
Author(s):  
Massoud Karshenas ◽  
Willem Van der Geest
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Low Income ◽  
Poverty Reduction ◽  
Market Access ◽  
Low Income Countries ◽  
Series Data ◽  
Initial Stimulus ◽  
Incidence Trends

The role of access to markets in industrialized countries for economic development and poverty reduction in low-income countries is investigated. The conditions under which economic growth and exports have a statistically robust effect on poverty reduction are demonstrated for a large number of low-income countries that suffer from mass poverty. Export growth is particularly important in providing both the initial stimulus for economic growth as well as the conditions for its long-term sustainability. Using cross-country time-series data for a sample of 89 countries for which long-term poverty incidence trends could be matched to growth and export performances, it is argued that countries with a high incidence of poverty have no option except a growth-cum-export strategy to reduce poverty. Redistributive policies to reduce poverty further are mainly a distinct option for countries that have already achieved a moderate level of poverty as well as higher per capita incomes. As Kaldor had emphasized as early as 1964, the lack of market access in industrial countries is an important contributing factor in hindering economic development and poverty reduction. Following Kaldor’s insights, this paper demonstrates that restricting market access prevents a large number of countries at the lowest ranks of the poverty ladder to escape extreme poverty.

scholarly journals Climate change related policy environment in agriculture and food security in Nepal

2018 ◽  
Vol 18 ◽  
pp. 120-130
Author(s):  
Shree Bhagavan Thakur
Keyword(s):  
Climate Change ◽  
Food Security ◽  
Low Income ◽  
Poverty Reduction ◽  
Agricultural Development ◽  
Policy Formulation ◽  
Reform Process ◽  
Policy Makers ◽  
Development Workers ◽  
Agriculture And Food

Agriculture is the main stay of Nepal's economy. This provides about one-third of national GDP and two-third of national employment. Agriculture is highly vulnerable to climate change due to more marginal farmers with small landholding, limited irrigation, low income level, limited institutional capacity, and greater dependency on climate-sensitive natural resources. The adverse effect of climate change on agriculture impacts on farm revenue, employment, income and GDP. Policy formulation in agriculture and food security sector concerning to climate change has become an imperative for poverty reduction, livelihood improvement and economic development. Compliance with global and national agreement, review of existing policy will provide an essential foundation to policy makers, planners and development workers to reform process. This paper intended to find the strength and weaknesses of existing plans, policies, strategies, acts which will support stakeholders in agricultural development.

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