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<p>Energy transition (ET) and environmental sustainability (ENV) efforts toward SDGs 7 and 13 require government policy coordination and intervention. Yet research is limited in this area exploring government policy coordination for just transition and sustainable environment, especially in developing economies with worsening energy and environmental problems. Our study narrows this gap in the literature by exploring the coordinating effect of fiscal and monetary policies on ET and ENV in Nigeria. We collect secondary time series data between 1985 and 2022 for analysis. The study employs the ARDL model as a primary estimator and the dynamic simulated ARDL (dyARDL) estimation technique for robustness in the analysis of the data. The results reveal that fiscal expenditure promotes ET and ENV in both the short and long term. The monetary policy rate (MPR) engenders ET in the short and long run. However, MPR reduces short-term ENV while enhancing it in the long run. The study concludes that first, Nigeria and developing economies alike should maintain sustainable fiscal spending and MPR to accumulate investment in the renewable energy (RE) sector. Secondly, fiscal and monetary authorities should stabilise the policy environment to support the inflow of private investors in the RE sector, driving the energy transition and a sustainable environment.</p>

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Energy transition and environmental sustainability in developing economies: insights from Nigeria’s policy landscape towards achieving SDGs 7 and 13

  • 期刊论文

  • 发表日期：

    2025年9月6日

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  • Precious Muhammed Emmanuel,
  • Michael Ejueyitsi Tidi,
  • Yusuf Ismaila Akanni

摘要

Energy transition (ET) and environmental sustainability (ENV) efforts toward SDGs 7 and 13 require government policy coordination and intervention. Yet research is limited in this area exploring government policy coordination for just transition and sustainable environment, especially in developing economies with worsening energy and environmental problems. Our study narrows this gap in the literature by exploring the coordinating effect of fiscal and monetary policies on ET and ENV in Nigeria. We collect secondary time series data between 1985 and 2022 for analysis. The study employs the ARDL model as a primary estimator and the dynamic simulated ARDL (dyARDL) estimation technique for robustness in the analysis of the data. The results reveal that fiscal expenditure promotes ET and ENV in both the short and long term. The monetary policy rate (MPR) engenders ET in the short and long run. However, MPR reduces short-term ENV while enhancing it in the long run. The study concludes that first, Nigeria and developing economies alike should maintain sustainable fiscal spending and MPR to accumulate investment in the renewable energy (RE) sector. Secondly, fiscal and monetary authorities should stabilise the policy environment to support the inflow of private investors in the RE sector, driving the energy transition and a sustainable environment.