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Mineral resource Optimization: The Nexus of sustainability, digital transformation, and green finance in OECD economies

Author

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  • Zhong, Min
  • Umar, Muhammad
  • Mirza, Nawazish
  • Safi, Adnan

Abstract

In the era of rapid technological advancements and rising environmental concerns, the efficient use of mineral resources can significantly enhance sustainable economic growth and address climate change issues. Therefore, this study examines the role of mineral resources, digital transformation, and green finance for sustainable development in OECD countries. Additionally, this study has taken important variables like renewable energy, imports, exports, and GDP to have a comprehensive overview. Using the method of moment and bootstrap quantile regression analysis, the results indicate that green finance and digital transformation reduce environmental degradation. Natural resources decrease carbon emissions at lower quantiles but increase them at higher levels. The findings indicate that renewable energy and exports decrease carbon emissions, while imports and economic growth increase emissions. This study emphasizes the importance of green finance and digital transformation in guiding OECD countries towards sustainable economic growth that also conserves the environment.

Suggested Citation

  • Zhong, Min & Umar, Muhammad & Mirza, Nawazish & Safi, Adnan, 2024. "Mineral resource Optimization: The Nexus of sustainability, digital transformation, and green finance in OECD economies," Resources Policy, Elsevier, vol. 90(C).
    • Handle: RePEc:eee:jrpoli:v:90:y:2024:i:c:s030142072400196x
    DOI: 10.1016/j.resourpol.2024.104829
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