IDEAS home Printed from https://ideas.repec.org/a/eee/jrpoli/v89y2024ics0301420723012333.html
   My bibliography  Save this article

Financing the green transition: Mobilizing resources for efficient natural resource management

Author

Listed:
  • Wang, Yunqiao
  • Han, Liangliang
  • Sun, Jiaqi
  • Sun, Zheyu

Abstract

Given the increasing need to tackle climate change and environmental deterioration, it is crucial to transition towards sustainable natural resource management significantly. This study utilizes panel regression models and examines panel data from 1999 to 2019 to evaluate the effects of these initiatives thoroughly. This research highlights the crucial role of finance in enabling the shift towards a more environmentally friendly economy, emphasizing the significance of efficient resource mobilization. Well-defined legal frameworks and transparent reporting methods, especially those that use blockchain technology, are crucial in instilling confidence among investors and stakeholders, hence fostering the effectiveness of green financing endeavors. In order to effectively promote sustainable natural resource management, prioritizing the establishment of unambiguous regulatory frameworks and transparent reporting mechanisms is crucial. Fostering international collaboration and public-private partnerships will be essential in mobilizing resources and driving the transition towards environmentally friendly practices.

Suggested Citation

  • Wang, Yunqiao & Han, Liangliang & Sun, Jiaqi & Sun, Zheyu, 2024. "Financing the green transition: Mobilizing resources for efficient natural resource management," Resources Policy, Elsevier, vol. 89(C).
    • Handle: RePEc:eee:jrpoli:v:89:y:2024:i:c:s0301420723012333
    DOI: 10.1016/j.resourpol.2023.104522
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0301420723012333
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.resourpol.2023.104522?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.

    References listed on IDEAS

    as
    1. Xiuzhen, Xie & Zheng, Wenxiu & Umair, Muhammad, 2022. "Testing the fluctuations of oil resource price volatility: A hurdle for economic recovery," Resources Policy, Elsevier, vol. 79(C).
    2. Xiang Cui & Muhammad Umair & Ganijon Ibragimove Gayratovich & Azer Dilanchiev, 2023. "Do Remittances Mitigate Poverty? An Empirical Evidence From 15 Selected Asian Economies," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 68(04), pages 1447-1468, June.
    3. Larcker, David F. & Watts, Edward M., 2020. "Where's the greenium?," Journal of Accounting and Economics, Elsevier, vol. 69(2).
    4. Farhad Taghizadeh-Hesary & Naoyuki Yoshino, 2020. "Sustainable Solutions for Green Financing and Investment in Renewable Energy Projects," Energies, MDPI, vol. 13(4), pages 1-18, February.
    5. 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).
    6. Będowska-Sójka, Barbara & Demir, Ender & Zaremba, Adam, 2022. "Hedging Geopolitical Risks with Different Asset Classes: A Focus on the Russian Invasion of Ukraine," Finance Research Letters, Elsevier, vol. 50(C).
    7. Li, ChangZheng & Umair, Muhammad, 2023. "Does green finance development goals affects renewable energy in China," Renewable Energy, Elsevier, vol. 203(C), pages 898-905.
    8. Linhai Zhao & Farhad Taghizadeh-Hesary, 2022. "Role of R&D investments and air quality in green governance efficiency," Economic Research-Ekonomska Istraživanja, Taylor & Francis Journals, vol. 35(1), pages 5895-5906, December.
    9. Rishikesh Ram Bhandary & Kelly Sims Gallagher & Fang Zhang, 2021. "Climate finance policy in practice: a review of the evidence," Climate Policy, Taylor & Francis Journals, vol. 21(4), pages 529-545, April.
    10. Hanif, Imran & Aziz, Babar & Chaudhry, Imran Sharif, 2019. "Carbon emissions across the spectrum of renewable and nonrenewable energy use in developing economies of Asia," Renewable Energy, Elsevier, vol. 143(C), pages 586-595.
    11. Du, Kerui & Lu, Huang & Yu, Kun, 2014. "Sources of the potential CO2 emission reduction in China: A nonparametric metafrontier approach," Applied Energy, Elsevier, vol. 115(C), pages 491-501.
    12. Wanfu Jin & Chunshan Zhou & Lijia Luo, 2018. "Impact of Land Input on Economic Growth at Different Stages of Development in Chinese Cities and Regions," Sustainability, MDPI, vol. 10(8), pages 1-19, August.
    13. Goldstein, Don, 2001. "Financial sector reform and sustainable development: the case of Costa Rica," Ecological Economics, Elsevier, vol. 37(2), pages 199-215, May.
    14. Oleksandr Melnychenko, 2021. "Energy Losses Due to Imperfect Payment Infrastructure and Payment Instruments," Energies, MDPI, vol. 14(24), pages 1-20, December.
    15. He, Chengying & Huang, Ke & Lin, Jianwu & Wang, Tianqi & Zhang, Zuominyang, 2023. "Explain systemic risk of commodity futures market by dynamic network," International Review of Financial Analysis, Elsevier, vol. 88(C).
    16. Radosław Miśkiewicz & Krzysztof Matan & Jakub Karnowski, 2022. "The Role of Crypto Trading in the Economy, Renewable Energy Consumption and Ecological Degradation," Energies, MDPI, vol. 15(10), pages 1-15, May.
    17. Min Shang & Ji Luo, 2021. "The Tapio Decoupling Principle and Key Strategies for Changing Factors of Chinese Urban Carbon Footprint Based on Cloud Computing," IJERPH, MDPI, vol. 18(4), pages 1-17, February.
    18. Wu, Qihan & Yan, Dong & Umair, Muhammad, 2023. "Assessing the role of competitive intelligence and practices of dynamic capabilities in business accommodation of SMEs," Economic Analysis and Policy, Elsevier, vol. 77(C), pages 1103-1114.
    19. Liu, Hongda & Zhao, Haifeng & Li, Shiyuan, 2023. "Future social change of manufacturing and service industries: Service-oriented manufacturing under the integration of innovation-flows drive," Technological Forecasting and Social Change, Elsevier, vol. 196(C).
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Bin, Hu & Tuoyu, Li, 2024. "Greening the recovery: Natural resource sustainability and carbon assessment for financial development," Resources Policy, Elsevier, vol. 89(C).
    2. Kong, Jiangwei & Gao, Mengxi, 2024. "Sustainable strategies for boosting profitability: Unveiling the connection between fiscal policy and natural resource efficiency," Resources Policy, Elsevier, vol. 88(C).
    3. Sun, Yi & Gao, Junjun, 2023. "Natural resource endowment and its lmpact on ecological efficiency," Resources Policy, Elsevier, vol. 87(PB).
    4. Huang, Weiping & Das, Ghansham & Dilanchiev, Azer & Giyasova, Zeynab & Gu, Mangi, 2024. "Role of multiple energy sources under carbon neturality goals, income and energy consumption in transition economies: A joint case study between China and Uzbekistan," Energy, Elsevier, vol. 309(C).
    5. Zhang, Xuenan & Zhang, Jinxin & Wang, Hongling, 2024. "Resilient recovery strategies: Enhancing resiliency in natural resource markets for sustainable development," Resources Policy, Elsevier, vol. 90(C).
    6. Guo, Yating & Rosland, Anitha & Ishak, Suryati & Muhammad Senan, Mohammad Khair Afham, 2023. "Public spending and natural resources development: A way toward green economic growth in China," Resources Policy, Elsevier, vol. 86(PB).
    7. Meng, Fanting, 2024. "Driving sustainable development: Fiscal policy and the promotion of natural resource efficiency," Resources Policy, Elsevier, vol. 90(C).
    8. Chen, Guoli & Qian, Zhe & Bolatbek, Botagoz & Na, Liu, 2024. "A comparative study of the nexus of natural resource investment in national economies: Effects on cultural communication and economic growth," Resources Policy, Elsevier, vol. 94(C).
    9. Feng, Amei & Liu, Liqian, 2023. "Local green economic growth and natural resources development in China," Resources Policy, Elsevier, vol. 86(PB).
    10. Li, Yang & Du, Qingfeng, 2024. "Oil price volatility and gold prices volatility asymmetric links with natural resources via financial market fluctuations: Implications for green recovery," Resources Policy, Elsevier, vol. 88(C).
    11. Zhang, Lei & Zhou, Junhu, 2024. "The impact of imperfect financial markets and stock holdings on corporate innovation: Evidence from China," Finance Research Letters, Elsevier, vol. 61(C).
    12. Cao, Shanshan & Huang, Lin & Zhang, Qingping & hán, Zǐ, 2024. "Energy transition to green energy sources – Role of socioeconomic disparities and administrative policies," Energy, Elsevier, vol. 312(C).
    13. Han, Shengmiao, 2024. "Integrating mineral and natural resources for enhanced environmental resilience and sustainability," Resources Policy, Elsevier, vol. 91(C).
    14. Wang, Xiufeng & Xu, Xiaofang, 2024. "Sustainable resource management and green economic growth: A global prospective," Resources Policy, Elsevier, vol. 89(C).
    15. Dai, Xulong & Batool, Kiran, 2024. "Optimizing multi-objective design, planning, and operation for sustainable energy sharing districts considering electrochemical battery longevity," Renewable Energy, Elsevier, vol. 229(C).
    16. Qi, Ruijuan & Ma, Guowei & Zhang, Qiwen & Liu, Chang & Wang, Qi, 2024. "Innovation for sustainability: Harnessing the power of efficient natural resource markets for a greener economic recovery," Resources Policy, Elsevier, vol. 88(C).
    17. Liu, Bing & Zhang, Xiangmeng, 2024. "The impact of ESG and executive structure on the default risk of family businesses: Evidence from China," Finance Research Letters, Elsevier, vol. 61(C).
    18. Liu, Yang & Liang, Yanzi & Lan, Shanshan & Lu, Zheng, 2024. "Corporate financialization and overseas investment efficiency: Evidence from China," Finance Research Letters, Elsevier, vol. 69(PA).
    19. Sun, Yan & Chen, Dongjing, 2024. "Nexus among natural resources and mineral resource on green economic growth: Empirical evidence from China," Resources Policy, Elsevier, vol. 91(C).
    20. Zhang, Hao & Zhu, Yimeng, 2024. "Financial knowledge, executive decision making and enterprise innovation," Finance Research Letters, Elsevier, vol. 61(C).

    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:89:y:2024:i:c:s0301420723012333. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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.