Open Access Original Research

Stock Market Development and CO2 Emissions in Africa: The Moderating Role of Domestic Credit to the Private Sector

Received: 06 January 2026;  Published: 04 June 2026;  doi: 10.21926/aeer.2602012

Abstract

This study examines the effects of stock market development (SMC) and renewable energy consumption on CO2 emissions in nine African economies over the period 2000-2024. It also tests whether domestic credit to the private sector (DC) moderates the relationship between stock market development and CO2