Evaluating the influence of green technological innovation, renewable energy consumption, and financial development on environmental sustainability in Nigeria

Abstract

In the last few decades, the world has experienced harsh environmental consequences, particularly CO2 emissions, due to the activities of humans, such as burning fossil fuels, deforestation, and industrial processes (Bergougui, 2024). The energy required for economic growth, dominated by non-renewable energies from fossil-fuel sources, pose significant risks to the environment, thus necessitating its recognition as a pressing global issue (Matthew et al., 2023). While the share of renewable energy has been on the rise in the global energy mix, recent statistics from British Petroleum (BP, 2024) report that fossil-fuel energy accounts for the largest share of 31.22% of global energy consumption (Adewale et al., 2024).