IDEAS home Printed from https://ideas.repec.org/a/eee/jrpoli/v87y2023ipas0301420723010358.html
   My bibliography  Save this article

Examining the interplay between fossil fuel mining, sustainable growth, and economic prosperity

Author

Listed:
  • Wang, Han
  • Zhang, Dongming

Abstract

This study investigates the relationship between green energy integration, income levels, and fossil fuel mining in 12 emerging economies across Asia and Latin America from 2000 to 2019. Utilizing the CS-ARDL (Cross-sectionally Augmented Autoregressive Distributed Lag) methodology for empirical analysis, we find a substantial link: the adoption of green energy corresponds to a notable reduction in fossil fuel mining. This connection is nuanced, influenced by factors like the growing adoption of renewable energy sources, increasing environmental awareness, and rapid technological advancements. Notably, efforts to enhance energy independence, diversify economies, and reduce emissions further strengthen this positive trend. Conversely, higher income per capita is associated with increased fossil fuel mining due to heightened industrialization and economic growth. Additionally, industry value added, trade openness, and financial development are positively correlated with fossil fuel mining, while CO2 emissions show an inverse relationship. We propose targeted policy interventions, such as green energy investments and emission taxation, to mitigate fossil fuel mining and promote sustainability in emerging economies.

Suggested Citation

  • Wang, Han & Zhang, Dongming, 2023. "Examining the interplay between fossil fuel mining, sustainable growth, and economic prosperity," Resources Policy, Elsevier, vol. 87(PA).
    • Handle: RePEc:eee:jrpoli:v:87:y:2023:i:pa:s0301420723010358
    DOI: 10.1016/j.resourpol.2023.104324
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0301420723010358
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.resourpol.2023.104324?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    Green fossil fuels sector; Green growth; Income per capita; Fossil fuels mining; Emerging economies;
    All these keywords.

    JEL classification:

    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
    • P27 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Performance and Prospects
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth
    • 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

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:jrpoli:v:87:y:2023:i:pa:s0301420723010358. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/30467 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.