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Clean Energy's influence on the mineral resource market in the ASEAN region

Author

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  • Li, Xinqiang
  • Wang, Cheng

Abstract

This study investigates the influence of eco-friendly energy sources on the mineral resource market size in ten ASEAN member states from 2000 to 2021. The analysis indicates that the consumption of solar, hydro, and wind energy has a negative impact on the mineral resource market, with solar energy having the most significant and enduring effect over the long term. Additionally, carbon emissions are identified as a detrimental factor, associated with a reduction in the mineral resource market size. Positive short- and long-term impacts are observed for both Foreign Direct Investment (FDI) and income levels, suggesting their potential role in expanding the mineral resource market. Furthermore, internet access demonstrates exclusively positive long-term effects, underscoring the importance of enhanced connectivity for sustainable growth. The study proposes practical policy recommendations for ASEAN member states, including creating a supportive environment for solar energy adoption, attracting sustainable investments, implementing rigorous environmental regulations, and prioritizing internet connectivity to bolster the sustainability and resilience of the mineral resource market.

Suggested Citation

  • Li, Xinqiang & Wang, Cheng, 2024. "Clean Energy's influence on the mineral resource market in the ASEAN region," Resources Policy, Elsevier, vol. 91(C).
    • Handle: RePEc:eee:jrpoli:v:91:y:2024:i:c:s030142072400148x
    DOI: 10.1016/j.resourpol.2024.104781
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    More about this item

    Keywords

    Mineral resource market size; Clean energy deployment; Sustainable mineral resource industry; ASEAN;
    All these keywords.

    JEL classification:

    • Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development
    • F15 - International Economics - - Trade - - - Economic Integration
    • Q38 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Government Policy (includes OPEC Policy)
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy

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