IDEAS home Printed from https://ideas.repec.org/a/eee/jrpoli/v90y2024ics0301420724001570.html
   My bibliography  Save this article

Study of a triple bottom line perspective to reach a sustainable development model for critical minerals using financial development

Author

Listed:
  • Liu, Cheng
  • Dai, Guanying
  • Tu, Hong

Abstract

This study examines sustainable development in critical minerals extraction within the CEPEA region, focusing on 13 economies. Using the Triple Bottom Line (TBL) framework and CS-ARDL approach, we assess economic, social, and environmental factors. Results indicate a 1% increase in financial development corresponds to a 0.14% and 0.19% short and long-term escalation in CO2 emissions. Similarly, a 1% rise in FDI associates with a 0.17% short-term and a more substantial 0.29% long-term increase in CO2 emissions. Unemployment rates link to reduced emissions, while income levels correlate with elevated emissions due to heightened consumption. Comparative analysis reveals disparate impacts across TBL dimensions, emphasizing the need for nuanced policies. Policymakers are urged to integrate stringent environmental criteria into investments, encourage green FDI, devise targeted social policies, and prioritize waste reduction and clean energy transition for responsible critical minerals extraction in the region.

Suggested Citation

  • Liu, Cheng & Dai, Guanying & Tu, Hong, 2024. "Study of a triple bottom line perspective to reach a sustainable development model for critical minerals using financial development," Resources Policy, Elsevier, vol. 90(C).
    • Handle: RePEc:eee:jrpoli:v:90:y:2024:i:c:s0301420724001570
    DOI: 10.1016/j.resourpol.2024.104790
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0301420724001570
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.resourpol.2024.104790?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

    Critical minerals extraction; Minerals sustainability; TBL approach; Panel data;
    All these keywords.

    JEL classification:

    • Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development
    • Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models

    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:90:y:2024:i:c:s0301420724001570. 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.