IDEAS home Printed from https://ideas.repec.org/a/eee/jrpoli/v87y2023ipas0301420723009571.html
   My bibliography  Save this article

Promoting sustainability by resource efficiency and green energy: Policy recommendation for green growth

Author

Listed:
  • Chen, Wuxiang
  • Liu, Xingyu
  • Wei, Yi

Abstract

This study examines the synergy between the circular economy, green energy, and resource efficiency, using a decade of Chinese provincial data and advanced System-GMM estimation. Results underscore the pivotal role of efficient resource use in reducing carbon intensity. Conversely, urbanization and industrialization correlate with higher carbon emissions due to increased fossil fuel use. Policy recommendations include incentivizing circular economy adoption, prioritizing renewable energy investments, sustainable urban planning, and promoting cleaner industrial processes. This research highlights the urgency of sustainable practices, renewable energy adoption, and responsible resource management in the global pursuit of lower carbon intensity and enhanced environmental sustainability.

Suggested Citation

  • Chen, Wuxiang & Liu, Xingyu & Wei, Yi, 2023. "Promoting sustainability by resource efficiency and green energy: Policy recommendation for green growth," Resources Policy, Elsevier, vol. 87(PA).
    • Handle: RePEc:eee:jrpoli:v:87:y:2023:i:pa:s0301420723009571
    DOI: 10.1016/j.resourpol.2023.104246
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0301420723009571
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.resourpol.2023.104246?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Gu, Xiao & Alamri, Ahmad Mohammed & Ahmad, Maaz & Alsagr, Naif & Zhong, Xiangming & Wu, Tong, 2023. "Natural resources extraction and green finance: Dutch disease and COP27 targets for OECD countries," Resources Policy, Elsevier, vol. 81(C).
    2. Karen Pittel & Dirk Rübbelke, 2013. "International Climate Finance and Its Influence on Fairness and Policy," The World Economy, Wiley Blackwell, vol. 36(4), pages 419-436, April.
    3. Xiong, Yuyu & Guo, Hongxiang & Nor, Datin Dr Mariani Md & Song, Andong & Dai, Li, 2023. "Mineral resources depletion, environmental degradation, and exploitation of natural resources: COVID-19 aftereffects," Resources Policy, Elsevier, vol. 85(PA).
    4. M. Hashem Pesaran, 2021. "General diagnostic tests for cross-sectional dependence in panels," Empirical Economics, Springer, vol. 60(1), pages 13-50, January.
    5. Ioannidis, Filippos & Kosmidou, Kyriaki & Papanastasiou, Dimitra, 2023. "Public awareness of renewable energy sources and Circular Economy in Greece," Renewable Energy, Elsevier, vol. 206(C), pages 1086-1096.
    6. Jiang, Yihuo & Ni, Hongliang & Ni, Yihan & Guo, Xiaomei, 2023. "Assessing environmental, social, and governance performance and natural resource management policies in China's dual carbon era for a green economy," Resources Policy, Elsevier, vol. 85(PB).
    7. Yu, Siming & Wang, Xun & Liu, Jiaming & Wei, Fang, 2023. "Role of mining waste trade on green development in China: Policy implications for circular economy," Resources Policy, Elsevier, vol. 86(PA).
    8. Milousi, Maria & Souliotis, Manolis, 2023. "A circular economy approach to residential solar thermal systems," Renewable Energy, Elsevier, vol. 207(C), pages 242-252.
    9. Luthra, Sunil & Mangla, Sachin Kumar & Sarkis, Joseph & Tseng, Ming-Lang, 2022. "Resources melioration and the circular economy: Sustainability potentials for mineral, mining and extraction sector in emerging economies," Resources Policy, Elsevier, vol. 77(C).
    10. Yildizbasi, Abdullah, 2021. "Blockchain and renewable energy: Integration challenges in circular economy era," Renewable Energy, Elsevier, vol. 176(C), pages 183-197.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Xiaoping, Chen & Yanqiu, Wu, 2024. "Cultivating green growth: The interplay of communication and resource efficiency in East Asia," Resources Policy, Elsevier, vol. 90(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ma, Hongchao & Zhang, Haonan, 2024. "Can green energy expansion develop the mineral resource market in East Asia?," Resources Policy, Elsevier, vol. 90(C).
    2. Li, Xinqiang & Wang, Cheng, 2024. "Clean Energy's influence on the mineral resource market in the ASEAN region," Resources Policy, Elsevier, vol. 91(C).
    3. Arezoo Ghazanfari, 2023. "An Analysis of Circular Economy Literature at the Macro Level, with a Particular Focus on Energy Markets," Energies, MDPI, vol. 16(4), pages 1-24, February.
    4. Liu, Yiou & Yu, Yang & Huang, Yingfei & Guan, Weimin, 2024. "Utilizing the resources efficiency: Evidence from the impacts of media industry and digitalization," Resources Policy, Elsevier, vol. 88(C).
    5. Wang, Chuangang & Li, Xin, 2024. "Optimizing the utilization of mineral assets and human resources for enhanced social welfare and sustainable development," Resources Policy, Elsevier, vol. 90(C).
    6. Liu, Xiaoxia & Yang, Ming & Shao, Zongyuan & Liu, Liyan & Gu, Weiyu, 2024. "Assessment of impacts of mineral raw material resource efficiency on enterprise performance," Resources Policy, Elsevier, vol. 90(C).
    7. Liu, Biao & Lyu, Yifei, 2024. "Economic corruption, green recovery, and mineral trade relationships in emerging economies," Resources Policy, Elsevier, vol. 90(C).
    8. Yasmeen, Rizwana & Huang, Haiping & Shah, Wasi Ul Hassan, 2024. "Assessing the significance of FinTech and mineral resource depletion in combating energy poverty: Empirical insights from BRICS economies," Resources Policy, Elsevier, vol. 89(C).
    9. Hu, Qian & Gu, Yongkun, 2024. "Mineral resources and the green economy: A blueprint for sustainable development and innovation," Resources Policy, Elsevier, vol. 88(C).
    10. Li, Xiang & Tong, Xiuyu, 2024. "Fostering green growth in Asian developing economies: The role of good governance in mitigating the resource curse," Resources Policy, Elsevier, vol. 90(C).
    11. Liu, Cheng & Dai, Guanying & Tu, Hong, 2024. "Study of a triple bottom line perspective to reach a sustainable development model for critical minerals using financial development," Resources Policy, Elsevier, vol. 90(C).
    12. Cheng, Haoyu & Chen, Zhijun & Qin, Meng & Su, Chi-Wei, 2024. "Mineral resources and Fintech: Catalyzing human capital and sustainable development," Resources Policy, Elsevier, vol. 92(C).
    13. Hu, Qian & Gu, Yongkun, 2024. "Copper economic dynamics: Navigating resource scarcity, price volatility, and green growth," Resources Policy, Elsevier, vol. 89(C).
    14. Lei, Xiying & Yang, Yao & Alharthi, Majed & Rasul, Farhat & Faraz Raza, Syed Muhammad, 2022. "Immense reliance on natural resources and environmental challenges in G-20 economies through the lens of COP-26 targets," Resources Policy, Elsevier, vol. 79(C).
    15. Hu, Xiaofeng, 2024. "Studying the relationship between financial accounting and mineral wealth management," Resources Policy, Elsevier, vol. 90(C).
    16. Cécile Couharde & Rémi Generoso, 2015. "Hydro-climatic thresholds and economic growth reversals in developing countries: an empirical investigation," EconomiX Working Papers 2015-26, University of Paris Nanterre, EconomiX.
    17. Peter Fuleky & Carl S. Bonham & Qianxue Zhao, 2013. "Estimating Demand Elasticities in Non-Stationary Panels: The Case of Hawaii's Tourism Industry," Working Papers 201314, University of Hawaii at Manoa, Department of Economics.
    18. Peppel-Srebrny, Jemima, 2021. "Not all government budget deficits are created equal: Evidence from advanced economies' sovereign bond markets," Journal of International Money and Finance, Elsevier, vol. 118(C).
    19. Jessica M. Mc Lay & Roy Lay-Yee & Barry J. Milne & Peter Davis, 2015. "Regression-Style Models for Parameter Estimation in Dynamic Microsimulation: An Empirical Performance Assessment," International Journal of Microsimulation, International Microsimulation Association, vol. 8(2), pages 83-127.
    20. Mishra, Vinod & Smyth, Russell, 2014. "Convergence in energy consumption per capita among ASEAN countries," Energy Policy, Elsevier, vol. 73(C), pages 180-185.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:jrpoli:v:87:y:2023:i:pa:s0301420723009571. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/30467 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.