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Sustainability in the metallic minerals industry: The imperative for carbon accounting - insights from firm-level analysis in China

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  • Yue, Wenzhong
  • Zhang, Lijun
  • Li, Tongxin

Abstract

This paper presents an in-depth exploration of critical factors influencing sustainability within China's metallic resource mining sector, examining 100 publicly listed companies within the sector on China's stock exchanges. Using the CS-ARDL technique, the study finds that carbon accounting positively impacts energy expenditure reduction by enhancing transparency on pollution, optimizing resource efficiency, incentivizing energy-efficient technology adoption, and improving market access. Additionally, Information and Communication Technology (ICT) development significantly lowers energy costs in both the short (0.26%) and long term (0.48%) by enabling real-time monitoring, predictive maintenance, automation, and data-driven decision-making. Crucially, Research and Development (R&D) investments reduce energy expenses, with a 1% increase resulting in a 0.16% short-term and 0.36% long-term reduction. Enhanced stock prices correlate with increased energy expenditure, and boosting employment efficiency reduces energy costs. These findings underscore the importance of ICT development, innovation, and comprehensive policy measures in advancing sustainability within China's metallic resource mining companies, aligning with evolving sustainability goals.

Suggested Citation

  • Yue, Wenzhong & Zhang, Lijun & Li, Tongxin, 2024. "Sustainability in the metallic minerals industry: The imperative for carbon accounting - insights from firm-level analysis in China," Resources Policy, Elsevier, vol. 88(C).
    • Handle: RePEc:eee:jrpoli:v:88:y:2024:i:c:s0301420723011054
    DOI: 10.1016/j.resourpol.2023.104394
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    References listed on IDEAS

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    More about this item

    Keywords

    Metallic mining industry; Carbon accounting; Sustainable development; Energy expenditure management; Firm level analysis; China;
    All these keywords.

    JEL classification:

    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy
    • D22 - Microeconomics - - Production and Organizations - - - Firm Behavior: Empirical Analysis
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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