DOES THE NEXUS BETWEEN REMITTANCES, AND ECOLOGICAL FOOTPRINT MATTER FOR ENVIRONMENTAL SUSTAINABILITY IN AFRICA?

This study examines the effect of the nexus between remittances and ecological footprints on environmental sustainability in Africa for 19 African countries between 1990 and 2021. Both the Augmented Mean Group and Common-Correlation Effect Mean Group estimator, show that remittances and economic growth have a positive effect on ecological footprint. More so, there exists bidirectional causality between remittances, economic growth, and ecological footprint while unidirectional causality runs from ecological footprints to foreign direct investment and foreign direct investment to economic growth. To promote environmental sustainability, individual governments, and regional blocs, must ensure the trade-off and prioritization of net-zero emissions goals in Africa to move beyond mere policy documentation and into non-fossil fuel revenue-dependent and strict market regulation on remittances to promote green consumptions and sustainable livelihoods in Africa. [ABSTRACT FROM AUTHOR]