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Towards sustainable resource management: The role of governance, natural resource rent and energy productivity

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  • Chen, Fei-fei
  • Wang, Qiu-Su
  • Umar, Muhammad
  • Zheng, Liya

Abstract

The present study investigates the role of sustainable resource management in empowering emerging seven (E−7) economies for a low-carbon future. It analyzes the interplay between institutional quality, energy productivity, natural resource rent, and their impact on consumption-based CO2 emissions employing the Method of Moment Quantile Regression (MMQR). The findings highlight the pivotal role of institutional quality in mitigating CO2 emissions across quantiles by combating corruption and upholding the rule of law. Sustainable management of natural resource rent allows diversification from carbon-intensive sectors and reduces carbon emissions. The results show that energy productivity has a significant negative influence on carbon emissions as E−7 economies improve energy efficiency and adopt cleaner technologies. The results for GDP show a positive relationship with emissions, while renewable energy consumption has a negative impact, stressing the importance of clean energy promotion. Policymakers in E−7 economies can further stride towards sustainable resource management by improving institutional quality, enhancing energy productivity, and utilizing natural resource rent to mitigate climate change and foster economic growth.

Suggested Citation

  • Chen, Fei-fei & Wang, Qiu-Su & Umar, Muhammad & Zheng, Liya, 2023. "Towards sustainable resource management: The role of governance, natural resource rent and energy productivity," Resources Policy, Elsevier, vol. 85(PA).
    • Handle: RePEc:eee:jrpoli:v:85:y:2023:i:pa:s0301420723007377
    DOI: 10.1016/j.resourpol.2023.104026
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