Trade globalization, green taxation and CO2 reduction in sub-Saharan Africa

The connection between trade globalization and its environmental consequences, together with the DATA requirement to secure adequate tax revenue to bolster Sub-Saharan African economies, has become a critical concern. Authorities are focused on boosting revenue through the implementation of green taxation to meet social commitments. Simultaneously, there are efforts to attract foreign investments and engage in international trade. According to Wang et al. (2024), the acceleration of economic growth has been significantly influenced by the industrial revolution and globalization. This upward trajectory has been essential for enhancing social and economic stability; on the other hand, it has also resulted in negative environmental consequences. Yingjun et al. (2024) contend that the consequences of ecological ruin on fiscal health are considerable because it impacts vital sectors, notably agronomy, which is indispensable for food safety and engagement opportunities. Weather variation has led to aquatic shortage and life-threatening meteorological conditions that threaten agronomic output, thus distressing both food safety and fiscal permanency (Yingjun et al., 2024). Trade globalization and industrial revolution dynamics have resulted in a surge of foreign operations that pose environmental risks, leading to the destruction of forests, pollution of waterways, and degradation of farmland in most Sub-Saharan African countries. As Li et al. (2021) pointed out, global warming, air pollution, and other environmental challenges are byproducts of trade globalization, notwithstanding its role in promoting global economic growth.