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Study of a triple bottom line perspective to reach a sustainable development model for critical minerals using financial development

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  • Liu, Cheng
  • Dai, Guanying
  • Tu, Hong

Abstract

This study examines sustainable development in critical minerals extraction within the CEPEA region, focusing on 13 economies. Using the Triple Bottom Line (TBL) framework and CS-ARDL approach, we assess economic, social, and environmental factors. Results indicate a 1% increase in financial development corresponds to a 0.14% and 0.19% short and long-term escalation in CO2 emissions. Similarly, a 1% rise in FDI associates with a 0.17% short-term and a more substantial 0.29% long-term increase in CO2 emissions. Unemployment rates link to reduced emissions, while income levels correlate with elevated emissions due to heightened consumption. Comparative analysis reveals disparate impacts across TBL dimensions, emphasizing the need for nuanced policies. Policymakers are urged to integrate stringent environmental criteria into investments, encourage green FDI, devise targeted social policies, and prioritize waste reduction and clean energy transition for responsible critical minerals extraction in the region.

Suggested Citation

  • 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).
    • Handle: RePEc:eee:jrpoli:v:90:y:2024:i:c:s0301420724001570
    DOI: 10.1016/j.resourpol.2024.104790
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    More about this item

    Keywords

    Critical minerals extraction; Minerals sustainability; TBL approach; 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
    • Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models

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