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How green finance tools and electric vehicles minerals sustainability are related?

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  • Ma, Xuewen
  • Liu, Liyan
  • Zhang, Dongming

Abstract

This study explores the influence of green bonds and green credits on CO2 emissions resulting from the extraction of minerals for Electric Vehicles (EVs) in ten APEC countries. The issuance of green bonds emerges as a significant driver for reducing CO2 emissions, with findings suggesting a noteworthy 0.52% decrease for each 1% increase in green credit. Surprisingly, the positive impact of patent applications points towards a potential deficiency in green innovation within the APEC mining sector. Furthermore, the positive correlation observed between Foreign Direct Investment (FDI), access to electricity, income level, and CO2 emissions highlights the intricate dynamics between economic development and environmental sustainability. Practical policy recommendations are provided, advocating for the promotion of green financial incentives, attraction of green FDI, and encouragement of green innovation to bolster the sustainability of mineral extraction for EVs in APEC countries.

Suggested Citation

  • Ma, Xuewen & Liu, Liyan & Zhang, Dongming, 2024. "How green finance tools and electric vehicles minerals sustainability are related?," Resources Policy, Elsevier, vol. 90(C).
    • Handle: RePEc:eee:jrpoli:v:90:y:2024:i:c:s0301420724001661
    DOI: 10.1016/j.resourpol.2024.104799
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    More about this item

    Keywords

    EV mineral extraction; Green finance tools; CO2 emissions by EV minerals; APEC;
    All these keywords.

    JEL classification:

    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • Q52 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Pollution Control Adoption and Costs; Distributional Effects; Employment Effects
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
    • P28 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Natural Resources; Environment

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