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A Conceptual Model for the Sustainable Development of the Arctic’s Mineral Resources Considering Current Global Trends: Future Scenarios, Key Actors, and Recommendations

Author

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  • Diana Dmitrieva

    (Economics, Organization and Management Department, Saint-Petersburg Mining University, 199106 Saint-Petersburg, Russia)

  • Amina Chanysheva

    (Economics, Organization and Management Department, Saint-Petersburg Mining University, 199106 Saint-Petersburg, Russia)

  • Victoria Solovyova

    (Economics, Organization and Management Department, Saint-Petersburg Mining University, 199106 Saint-Petersburg, Russia)

Abstract

Today, the issues of sustainable development are among the most pressing ones. They are particularly relevant in the context of mineral resource development as operations in this sector always have an impact on the environment and socioeconomic development. Developing the mineral resource base of the Arctic presents a difficult task, as it requires finding a balance between the growing demand in resources and the acute climatic and geopolitical challenges. In view of both the specific features of the region and the pressure caused by various trends and challenges, ensuring the sustainable development of the Arctic’s mineral resource base is highly important. In 2022, the global landscape that consists of sustainable development trends, ESG agendas, and environmental awareness was supplemented by national import substitution policies introduced in many strategic industries, which led to an inevitable increase in demand for mineral resources. This substantiates the importance of the research goal—developing a model for the sustainable development of the Arctic’s mineral resource base that will produce quantitative results and provide key actors with reasonable recommendations for restructuring the priority areas of development.

Suggested Citation

  • Diana Dmitrieva & Amina Chanysheva & Victoria Solovyova, 2023. "A Conceptual Model for the Sustainable Development of the Arctic’s Mineral Resources Considering Current Global Trends: Future Scenarios, Key Actors, and Recommendations," Resources, MDPI, vol. 12(6), pages 1-28, May.
    • Handle: RePEc:gam:jresou:v:12:y:2023:i:6:p:63-:d:1155858
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    Cited by:

    1. Alexey Cherepovitsyn & Aleksei Kazanin & Evgeniya Rutenko, 2023. "Strategic Priorities for Green Diversification of Oil and Gas Companies," Energies, MDPI, vol. 16(13), pages 1-17, June.
    2. Diana Dmitrieva & Victoria Solovyova, 2024. "A Taxonomy of Mineral Resource Projects in the Arctic: A Path to Sustainable Financing?," Sustainability, MDPI, vol. 16(11), pages 1-17, June.
    3. Diana Dmitrieva & Victoria Solovyova, 2023. "Russian Arctic Mineral Resources Sustainable Development in the Context of Energy Transition, ESG Agenda and Geopolitical Tensions," Energies, MDPI, vol. 16(13), pages 1-28, July.

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