Gas flaring, a practice described as environmentally damaging and financially wasteful, still persists on a large scale in the Nigerian oil and gas industry. Firstly, this paper investigates the vulnerability of the Nigerian economic performance to environmental pollution by estimating and analysing the relationship between carbon emission from gas flaring and Nigeria’s GDP. Secondly, the study examines how transparency and gas utilisation policies, deployed by the country, are performing in dealing with vulnerability to carbon emission from gas flaring. The paper uses an autoregressive distributed lag bounds testing approach to cointegration and error‐correction‐based Granger causality. The paper establishes that carbon emission from gas flaring affects Nigeria’s GDP negatively in both the short and long run. However, the results show that GDP has started exhibiting resilience to carbon emission from gas flaring in the long run. Findings imply that even though transparency and gas utilisation policies are doing well in increasing GDP’s long‐run resilience, persistent carbon emission from gas flaring continues to cause short‐run and long‐run economic vulnerability. The study discusses policy implications meant to be useful to the Nigerian government and the relevant regulatory authorities in the country's oil and gas industry.

中文翻译：

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应对天然气燃烧产生的碳排放的脆弱性：尼日利亚透明度和利用政策的作用

瓦斯燃烧是一种对环境造成破坏并在经济上造成浪费的做法，但在尼日利亚的石油和天然气工业中仍然大规模存在。首先，本文通过估计和分析瓦斯燃烧产生的碳排放与尼日利亚国内生产总值之间的关系，研究了尼日利亚经济绩效对环境污染的脆弱性。其次，该研究考察了由该国部署的透明度和天然气利用政策在应对天然气燃烧产生的碳排放的脆弱性方面的表现。本文对基于协整和误差校正的格兰杰因果关系使用了自回归分布滞后检验方法。该论文确定，天然气燃烧产生的碳排放在短期和长期内都会对尼日利亚的GDP产生负面影响。然而，结果表明，从长期来看，GDP已开始显示出对天然气燃烧产生的碳排放的适应能力。研究结果表明，尽管透明度和天然气利用政策在提高GDP的长期抗灾能力方面做得很好，但天然气燃烧产生的持续碳排放继续造成短期和长期的经济脆弱性。该研究讨论了对尼日利亚政府和该国石油和天然气行业的相关监管机构有用的政策含义。