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Natural resources demand, energy transition, and global mineral market: An assessment of BRICS mineral policy

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  • Bashir, Muhammad Farhan
  • Madaleno, Mara
  • Sharif, Arshian
  • Bashir, Madiha

Abstract

As global sustainable policies continue to evolve, understanding the nuanced association between energy transition and natural resource policies has led to policy debate between industrial stakeholders and policymakers. Within this view, we employ mineral resource costs, energy transition, green technological innovation, and resource extraction demand within the empirical model for BRICS economies. We use extensive econometric analysis to document that mineral resource costs negatively affect demand for natural resources, whereas energy transition, environmental innovation, manufacturing value addition, and trade increase natural resource demand. Our empirical investigation offers valuable insights to propose novel policy solutions stemming from natural resource demand and improving environmental sustainability.

Suggested Citation

  • Bashir, Muhammad Farhan & Madaleno, Mara & Sharif, Arshian & Bashir, Madiha, 2025. "Natural resources demand, energy transition, and global mineral market: An assessment of BRICS mineral policy," Resources Policy, Elsevier, vol. 100(C).
    • Handle: RePEc:eee:jrpoli:v:100:y:2025:i:c:s0301420724008195
    DOI: 10.1016/j.resourpol.2024.105452
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