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Assessment of impacts of green technology and innovation on sustainable mineral resource production

Author

Listed:
  • Wang, Wei
  • Liu, Dongsheng
  • Chen, Lifeng
  • Song, Meizhe
  • Xu, Jiaqi

Abstract

This study, employing the System-GMM estimation method, investigates the influence of importing green technological components on ferrous metal production in 22 Asian and 20 European countries from 2000 to 2021. The results reveal a substantial decline of 0.35 % and 0.21 % in ferrous metal production in response to a 1 % increase in green technological component imports in Asian and European nations. A positive correlation between GDP growth and ferrous metal production is observed, indicating significant increases of 0.63 % and 0.32 % in Asian and European countries. Additionally, heightened electricity consumption is linked to a notable surge of 0.42 % and 0.19 % in Asian and European nations, reflecting industrial growth. Foreign Direct Investment emerges as a motivating factor for ferrous metal production, emphasizing the need for environmentally aligned green FDI. The study concludes with actionable policy recommendations, including prioritizing green technologies, enforcing environmental regulations, integrating economic growth with sustainability, transitioning to renewable energy sources, stabilizing commodity prices, and promoting green FDI.

Suggested Citation

  • Wang, Wei & Liu, Dongsheng & Chen, Lifeng & Song, Meizhe & Xu, Jiaqi, 2024. "Assessment of impacts of green technology and innovation on sustainable mineral resource production," Resources Policy, Elsevier, vol. 90(C).
    • Handle: RePEc:eee:jrpoli:v:90:y:2024:i:c:s0301420724001375
    DOI: 10.1016/j.resourpol.2024.104770
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    More about this item

    Keywords

    Sustainable mineral resource deployment; Ferrous metal production; Green technological components import; Regional comparative analysis;
    All these keywords.

    JEL classification:

    • Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development
    • L61 - Industrial Organization - - Industry Studies: Manufacturing - - - Metals and Metal Products; Cement; Glass; Ceramics
    • L72 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Mining, Extraction, and Refining: Other Nonrenewable Resources
    • F18 - International Economics - - Trade - - - Trade and Environment
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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