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Role of essential minerals in achieving low-carbon economy and sustainability

Author

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  • Sun, Weiqing
  • Shao, Mingqi
  • Yang, Dongqing

Abstract

This study comprehensively analyzes the impact of metallic and non-metallic mineral production on the Sustainable Development Index (SDI) within the Regional Comprehensive Economic Partnership (RCEP) countries from 1995 to 2020. Both metallic and non-metallic mineral production are found to adversely affect sustainable development, with metallic minerals posing a greater threat. The research highlights the environmental risks associated with techniques like open-pit mining. Furthermore, an inverse relationship between health expenditure and sustainable development suggests potential resource diversion from critical sectors. On the other hand, a positive correlation is identified between income per capita and sustainable development, emphasizing economic prosperity's significance. The study recommends practical policies for the RCEP, emphasizing the adoption of greener technologies, financial inclusion, expansion of the green finance market, and the promotion of sustainable corporate management in mineral industries.

Suggested Citation

  • Sun, Weiqing & Shao, Mingqi & Yang, Dongqing, 2024. "Role of essential minerals in achieving low-carbon economy and sustainability," Resources Policy, Elsevier, vol. 90(C).
    • Handle: RePEc:eee:jrpoli:v:90:y:2024:i:c:s0301420724000837
    DOI: 10.1016/j.resourpol.2024.104716
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    More about this item

    Keywords

    Mineral resources; Metallic resource production; Non-metallic resource market; Sustainable development; RCEP region; Panel data;
    All these keywords.

    JEL classification:

    • Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development
    • L72 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Mining, Extraction, and Refining: Other Nonrenewable Resources
    • F15 - International Economics - - Trade - - - Economic Integration
    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products

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