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Renewable energy transition in global carbon mitigation: Does the use of metallic minerals matter?

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  • Wang, Jianda
  • Shahbaz, Muhammad
  • Dong, Kangyin
  • Dong, Xiucheng

Abstract

Renewable energy transition inevitably requires the consumption of metallic minerals, which not only increases the development of renewable energy but also causes potential environmental issues. Based on this hypothesis, applying a panel dataset of 71 economies from 2003 to 2019, this study constructs an econometric model of the influence of renewable energy transition on carbon emissions and examines the moderating effect of the consumption of metallic minerals. The major results indicate that: (1) Renewable energy transition significantly decreases carbon emissions; (2) the use of metallic minerals positively promotes carbon emissions, but weakens the carbon mitigation effect of the renewable energy transition; (3) the moderating effect of the use of metallic minerals is significant only in groups with higher metallic minerals; (4) the use of metallic minerals has a moderating impact on the influence of emission reduction in the process of the transition to renewable energy in areas with lower emissions; and (5) the use of non-metallic minerals, as with metallic minerals, also presents a significant obstacle in decreasing carbon emissions during the transition to renewable energy. The results will provide strategic guidance for the transition to renewable energy and carbon mitigation globally.

Suggested Citation

  • Wang, Jianda & Shahbaz, Muhammad & Dong, Kangyin & Dong, Xiucheng, 2023. "Renewable energy transition in global carbon mitigation: Does the use of metallic minerals matter?," Renewable and Sustainable Energy Reviews, Elsevier, vol. 181(C).
    • Handle: RePEc:eee:rensus:v:181:y:2023:i:c:s1364032123001764
    DOI: 10.1016/j.rser.2023.113320
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    Citations

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    Cited by:

    1. Sun, Na & Long, Wei, 2024. "Does mineral resource consumption reduce by energy transition and fossil fuel energy intensity? Moderating role of financial inclusion and digitalization," Resources Policy, Elsevier, vol. 93(C).
    2. Chen, Jinyu & Luo, Qian & Tu, Yan & Ren, Xiaohang & Naderi, Niki, 2023. "Renewable energy transition and metal consumption: Dynamic evolution analysis based on transnational data," Resources Policy, Elsevier, vol. 85(PB).
    3. Khan, Anwar & Min, Jialin & Hassan Shah, Wasi Ul & Li, Qianwen & Sun, Chuanwang, 2024. "Efficacy of CO2 emission reduction strategies by countries pursuing energy efficiency, nuclear power, and renewable electricity," Energy, Elsevier, vol. 300(C).
    4. Liu, Peide & Eti, Serkan & Yüksel, Serhat & Dinçer, Hasan & Gökalp, Yaşar & Ergün, Edanur & Aysan, Ahmet Faruk, 2024. "Analyzing energy transition for industry 4.0-driven hybrid energy system selection with advanced neural network-used multi-criteria decision-making technique," Renewable Energy, Elsevier, vol. 232(C).
    5. Fikru, Mahelet G. & Kilinc-Ata, Nurcan & Belaïd, Fateh, 2024. "Climate policy stringency and trade in energy transition minerals: An analysis of response patterns," Resources Policy, Elsevier, vol. 96(C).
    6. Zhang, Fuyu & Wang, Qiang & Li, Rongrong, 2024. "Linking natural resource abundance and green growth: The role of energy transition," Resources Policy, Elsevier, vol. 91(C).
    7. Liu, Yang & Dong, Kangyin & Taghizadeh-Hesary, Farhad & Dong, Xiucheng, 2024. "How do minerals affect the global energy transition? Metallic versus non-metallic mineral," Resources Policy, Elsevier, vol. 92(C).
    8. Wang, Jianda & Wang, Kun & Dong, Kangyin & Zhang, Shiqiu, 2023. "Assessing the role of financial development in natural resource utilization efficiency: Does artificial intelligence technology matter?," Resources Policy, Elsevier, vol. 85(PA).
    9. Hwang, Young Kyu & Sánchez Díez, Ángeles, 2024. "Renewable energy transition and green growth nexus in Latin America," Renewable and Sustainable Energy Reviews, Elsevier, vol. 198(C).
    10. Liu, Yang & Wu, Ailing & Wang, Jianda & Taghizadeh-Hesary, Farhad & Dong, Xiucheng, 2024. "Green growth in the global south: How does metallic minerals affect GTFP enhancement?," Resources Policy, Elsevier, vol. 88(C).
    11. Abbas, Qamar & Hongxing, Yao & Shahbaz, Muhammad & Ramzan, Muhammad & Fatima, Sumbal, 2024. "Metallic minerals production and environmental sustainability in China: Insights using ARDL bounds testing and wavelet coherence approaches," Resources Policy, Elsevier, vol. 92(C).
    12. Raza, Syed Ali & Khan, Komal Akram, 2024. "Climate policy uncertainty and its relationship with precious metals price volatility: Comparative analysis pre and during COVID-19," Resources Policy, Elsevier, vol. 88(C).
    13. Wang, Jianda & Dong, Kangyin & Taghizadeh-Hesary, Farhad & Dong, Xiucheng, 2023. "Does industrial convergence mitigate CO2 emissions in China? A quasi-natural experiment on “Triple Play” Reform," Energy Economics, Elsevier, vol. 128(C).
    14. Mohamad Issa & Adrian Ilinca & Daniel R. Rousse & Loïc Boulon & Philippe Groleau, 2023. "Renewable Energy and Decarbonization in the Canadian Mining Industry: Opportunities and Challenges," Energies, MDPI, vol. 16(19), pages 1-22, October.
    15. Abban, Olivier Joseph & Xing, Yao Hong & Nuţă, Alina Cristina & Nuţă, Florian Marcel & Borah, Prasad Siba & Ofori, Charles & Jing, Yao Jing, 2023. "Policies for carbon-zero targets: Examining the spillover effects of renewable energy and patent applications on environmental quality in Europe," Energy Economics, Elsevier, vol. 126(C).

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