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Role of green technologies in enhancing the efficiency of natural resources

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  • Zhang, Jianhua
  • Liu, Yushan
  • Zhang, Weihua
  • Ma, Xinyuan

Abstract

Considering the 25 countries with the worst situation in the field of natural resource depletion, this paper evaluates the relationship between green technologies and the effectiveness of using natural resources from 2010 to 2021. The findings confirmed that the green technology index does not significantly impact resource efficiency in African countries (Congo, Gabon, Uganda, Nigeria, Ghana) and Colombia. For other countries, this variable has positive and significant coefficients. It can also be concluded that for countries with a high-income level (such as Kazakhstan, Oman, United Arab Emirates, and Saudi Arabia), the green technology variable has a more significant positive coefficient than those with a low-income level. The paper recommends practical policies like diversifying the national economy, green foreign direct investment, strengthening the knowledge-based economy, and government support for commercializing green ideas.

Suggested Citation

  • Zhang, Jianhua & Liu, Yushan & Zhang, Weihua & Ma, Xinyuan, 2023. "Role of green technologies in enhancing the efficiency of natural resources," Resources Policy, Elsevier, vol. 83(C).
    • Handle: RePEc:eee:jrpoli:v:83:y:2023:i:c:s0301420723003355
    DOI: 10.1016/j.resourpol.2023.103624
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    Cited by:

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    2. Li, Tianyu & Yue, Xiao-Guang & Qin, Meng & Norena-Chavez, Diego, 2024. "Towards Paris Climate Agreement goals: The essential role of green finance and green technology," Energy Economics, Elsevier, vol. 129(C).
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    More about this item

    Keywords

    Natural resources; Green technological progress; Utilization efficiency; Resource depletion; Green recovery;
    All these keywords.

    JEL classification:

    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models

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