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Ferrous metal extraction and its impact on sustainable urban development

Author

Listed:
  • Wang, Han
  • Chen, Xiaru
  • Li, Liping
  • Xu, Jiaqi

Abstract

This paper examines the pivotal role of ferrous metal extraction in urban development within the ASEAN context. The analysis encompasses factors crucial to sustainable urban progress, such as ferrous metal production efficiency, ICT development, Consumer Price Index (CPI), Gross Domestic Product (GDP), and Financial Development Index. Utilizing the CUP-FM method, findings reveal that a mere 1% increase in steel and iron production correlates with a noteworthy 0.19% reduction in the Sustainable Urban Index for the region. Elevated ferrous metal production contributes to an adverse environmental footprint, impacting overall sustainability. Barriers to sustainable urbanization include digitalization, economic growth, and financial development. Policy recommendations advocate for greening the ferrous metal industry through cleaner technologies, eco-conscious strategies aligned with green growth policies, the implementation of a carbon taxation system to curb industrial emissions, the establishment of a robust green financial market, and a shift to renewable energy for sustainable urban power generation.

Suggested Citation

  • Wang, Han & Chen, Xiaru & Li, Liping & Xu, Jiaqi, 2024. "Ferrous metal extraction and its impact on sustainable urban development," Resources Policy, Elsevier, vol. 90(C).
    • Handle: RePEc:eee:jrpoli:v:90:y:2024:i:c:s0301420724001466
    DOI: 10.1016/j.resourpol.2024.104779
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    Cited by:

    1. Khlil, Brahim, 2024. "Green Steel Blueprint: Mauritania's Strategic Pathway to Sustainable Industrial Leadership," OSF Preprints smzb7, Center for Open Science.

    More about this item

    Keywords

    Ferrous metal extraction; Iron and steel production; Sustainable urban development; Green economic growth; ASEAN;
    All these keywords.

    JEL classification:

    • Q34 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Natural Resources and Domestic and International Conflicts
    • L72 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Mining, Extraction, and Refining: Other Nonrenewable Resources
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • F15 - International Economics - - Trade - - - Economic Integration

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