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Sustainable mining and the role of environmental regulations and incentive policies in BRICS

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  • Tang, Zhao
  • Qin, Danghong

Abstract

This study investigated the impact of environmental tax revenues and the green finance market on carbon dioxide (CO2) emissions in the BRICS nations from 2000 to 2020. The findings strongly supported the positive influence of the green finance market on enhancing sustainability in the mining sector. A 1% increase in the green finance market size correlated with a significant reduction in CO2 emissions, highlighting the vital role of financial backing for eco-friendly initiatives. However, the analysis of environmental tax revenues presented a nuanced perspective, revealing an unexpectedly negative impact on CO2 emissions with a 1% increase, suggesting potential trade-offs between revenue generation and stringent environmental regulations. Policy implications for BRICS nations include prioritizing green finance market growth, precise calibration of green tax policies, and sustained commitment to gradual and enduring green policies, accounting for observed temporal distinctions.

Suggested Citation

  • Tang, Zhao & Qin, Danghong, 2024. "Sustainable mining and the role of environmental regulations and incentive policies in BRICS," Resources Policy, Elsevier, vol. 90(C).
    • Handle: RePEc:eee:jrpoli:v:90:y:2024:i:c:s0301420724000850
    DOI: 10.1016/j.resourpol.2024.104718
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    References listed on IDEAS

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    More about this item

    Keywords

    Sustainable mining industry; CO2 emitted by mining industry; Green taxation system; Green financial market size; BRICS;
    All these keywords.

    JEL classification:

    • Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development
    • H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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