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Role of mineral resources trade in renewable energy development

Author

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  • Chang, Lei
  • Taghizadeh-Hesary, Farhad
  • Mohsin, Muhammad

Abstract

Resource minerals are necessary natural resources for developing renewable energy (RE) sources. The differing capabilities of various countries significantly impact the growth of RE. Minerals are used more intensively in producing RE than fossil fuel-based energy. Data from 30 provinces in China from 2000 to 2019 were used to determine the effects of mineral resource trade on RE development. We analyzed China's mineral trade network and topological properties using a complex network technique. Mineral trade patterns affect RE development and how technological advancements in RE mediate the impact on the dynamic econometric model. The energy mix should depend more on RE, and the reprocessing rate of minerals should be higher to demonstrate that RE capacity investments are made. Export strength and key influences benefit RE growth. Results concluded that the presence of other well-known elements that determine optimal resource use, such as increased renewable sector productivity and suboptimal substitution between the two energy sources, gently curved the extraction costs for mineral resources.

Suggested Citation

  • Chang, Lei & Taghizadeh-Hesary, Farhad & Mohsin, Muhammad, 2023. "Role of mineral resources trade in renewable energy development," Renewable and Sustainable Energy Reviews, Elsevier, vol. 181(C).
    • Handle: RePEc:eee:rensus:v:181:y:2023:i:c:s1364032123001776
    DOI: 10.1016/j.rser.2023.113321
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    Citations

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    Cited by:

    1. Kuang, Hewu & Liang, Yiyan & Zhao, Wenjia & Cai, Jiahong, 2023. "Impact of natural resources and technology on economic development and sustainable environment – Analysis of resources-energy-growth-environment linkages in BRICS," Resources Policy, Elsevier, vol. 85(PB).
    2. Chang, Lei & Mohsin, Muhammad & Hasnaoui, Amir & Taghizadeh-Hesary, Farhad, 2023. "Exploring carbon dioxide emissions forecasting in China: A policy-oriented perspective using projection pursuit regression and machine learning models," Technological Forecasting and Social Change, Elsevier, vol. 197(C).
    3. Yukun Cao & Jingxuan Cai & Xiangyue Liu, 2024. "Advancing toward a sustainable future: assessing the impact of energy transition, circular economy, and international trade on carbon footprint," Economic Change and Restructuring, Springer, vol. 57(2), pages 1-26, April.
    4. Yu, Mengyan & Umair, Muhammad & Oskenbayev, Yessengali & Karabayeva, Zhаnsaya, 2023. "Exploring the nexus between monetary uncertainty and volatility in global crude oil: A contemporary approach of regime-switching," Resources Policy, Elsevier, vol. 85(PB).

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