Journal • CITN Journal

Editorial Board

Editor-in-Chief

Professor Rafiu Oyesola Salawu

Department of Management & Accounting, Faculty of Administration, Obafemi Awolowo University, Ile-Ife

Managing Editor

Professor Godwin Emmanuel Oyedokun

Department of Management & Accounting, Lead City University, Ibadan, Nigeria

Editorial Board Secretary

Mary-Fidelis Chidoziem Abiahu

Director, Research and Professional Standard, Chartered Institute of Taxation of Nigeria

Editorial Board Members

Professor Chinedum Nathaniel Nwezeaku

Federal University of Technology, Owerri

Professor John Adeoti

Nigeria Institute of Social and Economic Research (NISER), Ibadan

Professor Uche Jack-Osimiri

Faculty of Law, River State University, Port Harcourt

Professor Aruwa Suleiman Akwu-Odo Salihu

Nasarawa State University, Keffi Nasarawa State Nigeria

Dr. Eiya Ofiafoh Ofiafoh (Associate Professor)

Department of Accounting, University of Benin, Benin City, Nigeria

Dr. Stephen Chukwuemeka Mark Abani

MCSA Worldwide Projects Limited, Abuja, Nigeria

Dr. Kenny Adedapo Soyemi

Department of Accounting, Olabisi Onabanjo University, Ago Iwoye, Ogun State, Nigeria

Professor Joseph Uchenna Uwaleke

Department of Banking & Finance, Nasarawa State University, Keffi Nasarawa State, Nigeria

Barrister Chukwuemeka Eze

Faculty of Law, Nasarawa State University, Keffi Nasarawa State, Nigeria

Mr. Simon Nwanmaghyi Kato

Federal Inland Revenue Service, Chairman’s Office, Abuja, Nigeria

CARBON TAXATION, RENEWABLE ENERGY ADOPTION AND SOCIO-ECONOMIC DEVELOPMENT: THE NEED FOR AN INTEGRATIVE APPROACH

Description

CARBON TAXATION, RENEWABLE ENERGY ADOPTION AND SOCIO-ECONOMIC DEVELOPMENT: THE NEED FOR AN INTEGRATIVE APPROACH

Authors

OGBODO, Nneka Raymonda, ODIA, James Osabuohien and OMOKHUDU, Okun Omokhoje

Abstract

The escalating risks and disastrous consequences of the rapid increase in carbon emission over the years has prompted international organisations including the United Nations and the World Health Organisation to advocate for nations to adopt carbon emission reduction policies such as carbon tax and renewable energy adoption. However, for developing countries, the pathway to achieving low to zero carbon emissions has been challenging as these nations contend with limited fiscal capacities, institutional weakness and competing socio-developmental priorities. This paper is a desk-based review of literature with the objectives of examining whether carbon taxes engender the adoption of renewable energy in developing countries that are also faced with the challenge of poverty alleviation, and analyze how developing countries balance environmental sustainability through carbon taxation and renewable energy adoption without undermining socio-economic development. This paper recommends that low-income countries adopt harmonious and inclusive approaches that enable them achieve their carbon emission targets without compromising socio-economic development by appropriately re-cyclyng carbon tax revenue, integrating, mapping and analyzing policies, and application of ex-ante simulation modelling.

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