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Abstract This study explores the impact of foreign direct investment (FDI), renewable energy, gross capital formation, population growth, gross domestic product (GDP), and the square of GDP on carbon dioxide (CO2) emissions in Somalia between 1990 and 2019. To investigate the short- and long-run elasticity of environmental degradation and the other variables, the autoregressive distributed lag (ARDL) model is employed. In Somalia, the long-run coefficients of the ARDL model indicate that renewable energy contributes negatively to environmental degradation. At the same time, domestic investment and population growth undermine the quality of the environment. Furthermore, the FMOLS results validate the existence of EKC in Somalia. The Granger causality test is also applied to investigate the causal relationship between the variables. Despite this, there was no evidence that FDI and renewable energy are causally related to environmental degradation. Based on our empirical assessment, the Somali government should encourage foreign direct investment, especially in technology-intensive and environmentally friendly industries, and pay increased attention to the improvement and consumption of renewable energy sources. Downloads Download data is not yet available. Downloads FULL TEXT Published 2023-01-22 How to Cite Warsame, Z. A. (2023). The Significance of FDI Inflow and Renewable Energy Consumption in Mitigating Environmental Degradation in Somalia. International Journal of Energy Economics and Policy, 13(1), 443–453. https://doi.org/10.32479/ijeep.13943 More Citation Formats ACM ACS APA ABNT Chicago Harvard IEEE MLA Turabian Vancouver Download Citation Endnote/Zotero/Mendeley (RIS) BibTeX Issue Vol. 13 No. 1 (2023) Section Articles License Submission of an article implies that the work described has not been published previously , that it is not under consideration for publication elsewhere, that its publication is approved by all authors and tacitly or explicitly by the responsible authorities where the work was carried out, and that, if accepted, will not be published elsewhere in the same form, without the written consent of the Publisher. The Editors reserve the right to edit or otherwise alter all contributions, but authors will receive proofs for approval before publication. Most read articles by the same author(s) Zakarie Abdi Warsame, Maria Mohamed Ali, Liban Bile Mohamed, Farhia Hassan Mohamed, The Causal Relation between Energy Consumption, Carbon Dioxide Emissions, and Macroeconomic Variables in Somalia , International Journal of Energy Economics and Policy: Vol. 13 No. 3 (2023) Make a Submission Make a Submission Dergi Kapağı

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