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Green financial accounting and transition in the mining sector in emerging economies

Author

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  • Xue, Sufang
  • Jiang, Yajing
  • Wei, Qiang

Abstract

This research investigates the influence of green financial accounting on sustainability within the mining sector across 18 emerging economies from 1995 to 2021. According to the results, a 1% rise in the Corruption Perceptions Index corresponds to a 0.10% and 0.20% increase in short and long-term extraction volumes. Foreign Direct Investment contributes positively to mining extraction. The study emphasizes the positive association between innovation progress, indicated by registered patents, and extraction volume, highlighting the importance of technology adoption. However, the study raises sustainability concerns due to insufficient emphasis on green innovation. Additionally, the research underscores a correlation between Gross Domestic Product growth and extraction volume, signaling the imperative for more environmentally friendly economic development. The proposed practical policies include initiatives such as green accounting education, enhanced social green literacy, improved green governance, and the establishment of green financial markets.

Suggested Citation

  • Xue, Sufang & Jiang, Yajing & Wei, Qiang, 2024. "Green financial accounting and transition in the mining sector in emerging economies," Resources Policy, Elsevier, vol. 89(C).
    • Handle: RePEc:eee:jrpoli:v:89:y:2024:i:c:s0301420724000503
    DOI: 10.1016/j.resourpol.2024.104683
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    References listed on IDEAS

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    More about this item

    Keywords

    Mining industry; Green growth; Green accounting; Sustainable mining extraction industry; Emerging economies;
    All these keywords.

    JEL classification:

    • Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics
    • Q34 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Natural Resources and Domestic and International Conflicts

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