Pub Date : 2025-04-27DOI: 10.1016/j.resourpol.2025.105595
Walid M.A. Ahmed , Mohamed A.E. Sleem
The growing challenges posed by climate change have made the shift to clean energy an urgent necessity for sustainable development. However, the clean energy sector is deeply intertwined with broader risk factors that can significantly impact its growth and stability. In this study, we investigate the complex dynamics between clean energy stock markets and five key US risk factors: climate policy uncertainty, economic policy uncertainty, financial stress, geopolitical risk, and oil price volatility. Our analysis uses the novel quantile-on-quantile connectedness approach, which enables a deeper exploration of the interdependencies between variables not only within the same quantiles but also across various quantiles of their respective distributions. We find substantial inverse connectedness, particularly under extreme market circumstances, underscoring the vulnerability of clean energy stocks to changes in policy uncertainty, financial stress, and oil prices. Geopolitical risk, meanwhile, exhibits a strong direct relationship with clean energy markets, especially in times of heightened geopolitical tension. Additionally, the pairwise connectedness structure tends to intensify throughout paramount political, economic, and climate events or crises. Our findings have practical implications for both investors and policymakers.
{"title":"On the dynamic interdependence between risk factors and clean energy stock prices","authors":"Walid M.A. Ahmed , Mohamed A.E. Sleem","doi":"10.1016/j.resourpol.2025.105595","DOIUrl":"10.1016/j.resourpol.2025.105595","url":null,"abstract":"<div><div>The growing challenges posed by climate change have made the shift to clean energy an urgent necessity for sustainable development. However, the clean energy sector is deeply intertwined with broader risk factors that can significantly impact its growth and stability. In this study, we investigate the complex dynamics between clean energy stock markets and five key US risk factors: climate policy uncertainty, economic policy uncertainty, financial stress, geopolitical risk, and oil price volatility. Our analysis uses the novel quantile-on-quantile connectedness approach, which enables a deeper exploration of the interdependencies between variables not only within the same quantiles but also across various quantiles of their respective distributions. We find substantial inverse connectedness, particularly under extreme market circumstances, underscoring the vulnerability of clean energy stocks to changes in policy uncertainty, financial stress, and oil prices. Geopolitical risk, meanwhile, exhibits a strong direct relationship with clean energy markets, especially in times of heightened geopolitical tension. Additionally, the pairwise connectedness structure tends to intensify throughout paramount political, economic, and climate events or crises. Our findings have practical implications for both investors and policymakers.</div></div>","PeriodicalId":20970,"journal":{"name":"Resources Policy","volume":"105 ","pages":"Article 105595"},"PeriodicalIF":10.2,"publicationDate":"2025-04-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143877511","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-04-27DOI: 10.1016/j.resourpol.2025.105597
Seyed Pendar Toufighi , Iman Ghasemian Sahebi , Zahra Soltani
This study explores the application of evolutionary game theory to optimize long-term extraction strategies for common oil fields, focusing on the North Pars field shared by Iran and Qatar. The research aims to identify optimal management policies for shared resources by modeling the strategic interactions between these countries. The analysis incorporates key factors such as recovery rates, and information asymmetry, providing a realistic framework for decision-making. The study reveals that full cooperation between Iran and Qatar yields the highest long-term payoffs, emphasizing the benefits of strategic alignment. However, the game-theoretic model also indicates an equilibrium where Iran cooperates, and Qatar does not, resulting in higher payoffs for Qatar. This highlights the challenges in achieving mutual cooperation and underscores the need for robust legal frameworks and negotiation strategies. Using real data from the North Pars field, the mathematical model optimizes extraction values and payoffs, demonstrating the potential of technological advancements and strategic planning. The optimized extraction rates are 147,865 barrels per day for Iran and 265,748 barrels per day for Qatar. The study shows that increasing a country's potential payoff accelerates the convergence towards a stable, cooperative strategy. The findings suggest that evolutionary strategies, informed by dynamic geopolitical and economic conditions, enhance the management of shared oil resources.
{"title":"Evolutionary dynamics in common oil resource management for enhancing long-term strategic interactions","authors":"Seyed Pendar Toufighi , Iman Ghasemian Sahebi , Zahra Soltani","doi":"10.1016/j.resourpol.2025.105597","DOIUrl":"10.1016/j.resourpol.2025.105597","url":null,"abstract":"<div><div>This study explores the application of evolutionary game theory to optimize long-term extraction strategies for common oil fields, focusing on the North Pars field shared by Iran and Qatar. The research aims to identify optimal management policies for shared resources by modeling the strategic interactions between these countries. The analysis incorporates key factors such as recovery rates, and information asymmetry, providing a realistic framework for decision-making. The study reveals that full cooperation between Iran and Qatar yields the highest long-term payoffs, emphasizing the benefits of strategic alignment. However, the game-theoretic model also indicates an equilibrium where Iran cooperates, and Qatar does not, resulting in higher payoffs for Qatar. This highlights the challenges in achieving mutual cooperation and underscores the need for robust legal frameworks and negotiation strategies. Using real data from the North Pars field, the mathematical model optimizes extraction values and payoffs, demonstrating the potential of technological advancements and strategic planning. The optimized extraction rates are 147,865 barrels per day for Iran and 265,748 barrels per day for Qatar. The study shows that increasing a country's potential payoff accelerates the convergence towards a stable, cooperative strategy. The findings suggest that evolutionary strategies, informed by dynamic geopolitical and economic conditions, enhance the management of shared oil resources.</div></div>","PeriodicalId":20970,"journal":{"name":"Resources Policy","volume":"105 ","pages":"Article 105597"},"PeriodicalIF":10.2,"publicationDate":"2025-04-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143877512","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-04-26DOI: 10.1016/j.resourpol.2025.105591
Alex dos Santos Macedo , Dione Macedo , Hassan Sohn , Luís Mauro Gomes Ferreira
Garimpo, or artisanal and small-scale mineral extraction, is a centuries-old activity in Brazil that has been largely neglected by the government, society, academia, and other stakeholders since the seventeenth century. This article proposes a public policy framework aimed at revitalizing and regulating this overlooked sector by promoting new mining standards with a focus on sustainability. The research utilized documentary and bibliographic methods to develop the proposed policy. A problem tree was created to identify the central issues, their causes, and their consequences, and a logical model was developed based on established public policy modeling references. The findings emphasize the need for the policy to address several critical components: mineral mapping and regularization, inspection and monitoring, training and education, appropriate technology, environmental management, responsible trade and supply chains, economic incentives, and community participation. The study also highlights key challenges for the policy's success, including the lack of political will, limited state capacity of mining agencies, discontinuity of interventions, and the lack of government presence in mining territories. Recommendations are provided to outline a preliminary model for intervention.
{"title":"Garimpo and public policies in Brazil: Proposal for a responsible activity","authors":"Alex dos Santos Macedo , Dione Macedo , Hassan Sohn , Luís Mauro Gomes Ferreira","doi":"10.1016/j.resourpol.2025.105591","DOIUrl":"10.1016/j.resourpol.2025.105591","url":null,"abstract":"<div><div><em>Garimpo,</em> or artisanal and small-scale mineral extraction, is a centuries-old activity in Brazil that has been largely neglected by the government, society, academia, and other stakeholders since the seventeenth century. This article proposes a public policy framework aimed at revitalizing and regulating this overlooked sector by promoting new mining standards with a focus on sustainability. The research utilized documentary and bibliographic methods to develop the proposed policy. A problem tree was created to identify the central issues, their causes, and their consequences, and a logical model was developed based on established public policy modeling references. The findings emphasize the need for the policy to address several critical components: mineral mapping and regularization, inspection and monitoring, training and education, appropriate technology, environmental management, responsible trade and supply chains, economic incentives, and community participation. The study also highlights key challenges for the policy's success, including the lack of political will, limited state capacity of mining agencies, discontinuity of interventions, and the lack of government presence in mining territories. Recommendations are provided to outline a preliminary model for intervention.</div></div>","PeriodicalId":20970,"journal":{"name":"Resources Policy","volume":"105 ","pages":"Article 105591"},"PeriodicalIF":10.2,"publicationDate":"2025-04-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143877499","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-04-26DOI: 10.1016/j.resourpol.2025.105592
Eléonore Lèbre , Karol Czarnota , Stuart D.C. Walsh , Marcus Haynes , Natasha Ufer , Laura J. Sonter , Rachakonda Sreekar , Pascal Bolz , Nevenka Bulovic , Claire Côte , Nadja C. Kunz , Steven Micklethwaite , Stephen A. Northey , Louisa M. Rochford , Richard Schodde , Benjamin Seligmann , Kathryn Sturman
The global energy transition will drive increased demand for a broad range of mined minerals. Australia is well positioned to support the global energy transition, given its mature mining sector and rich and diverse mineral resources. The potential growth in the mining sector represents an economic opportunity, however, navigating the associated environmental, social, and governance (ESG) risks remains a challenge. A step towards improved ESG credentials across the Australian mining sector is for mine developers, regulators, communities, investors and other industry stakeholders to be capable of integrating diverse types of ESG data into decision-making processes. This paper establishes the foundations for applying ESG mapping, a research technique that mobilises spatial data to analyse and compare extractive locations in terms of factors relevant to mining and exploration, at the scale of Australia. To do so, the paper first critically reviews 33 spatial ESG datasets available at national scale across six main themes: people, land uses, water resources, extreme events, nature conservation, and governance. The paper then provides two proof-of-concept applications of ESG mapping to the Australian mining context and draws on these preliminary applications to propose a program of research aiming to fully utilise this technique to inform decision makers.
{"title":"ESG mapping of the Australian mining sector – The state of play on mobilising spatial datasets for decision making","authors":"Eléonore Lèbre , Karol Czarnota , Stuart D.C. Walsh , Marcus Haynes , Natasha Ufer , Laura J. Sonter , Rachakonda Sreekar , Pascal Bolz , Nevenka Bulovic , Claire Côte , Nadja C. Kunz , Steven Micklethwaite , Stephen A. Northey , Louisa M. Rochford , Richard Schodde , Benjamin Seligmann , Kathryn Sturman","doi":"10.1016/j.resourpol.2025.105592","DOIUrl":"10.1016/j.resourpol.2025.105592","url":null,"abstract":"<div><div>The global energy transition will drive increased demand for a broad range of mined minerals. Australia is well positioned to support the global energy transition, given its mature mining sector and rich and diverse mineral resources. The potential growth in the mining sector represents an economic opportunity, however, navigating the associated environmental, social, and governance (ESG) risks remains a challenge. A step towards improved ESG credentials across the Australian mining sector is for mine developers, regulators, communities, investors and other industry stakeholders to be capable of integrating diverse types of ESG data into decision-making processes. This paper establishes the foundations for applying ESG mapping, a research technique that mobilises spatial data to analyse and compare extractive locations in terms of factors relevant to mining and exploration, at the scale of Australia. To do so, the paper first critically reviews 33 spatial ESG datasets available at national scale across six main themes: people, land uses, water resources, extreme events, nature conservation, and governance. The paper then provides two proof-of-concept applications of ESG mapping to the Australian mining context and draws on these preliminary applications to propose a program of research aiming to fully utilise this technique to inform decision makers.</div></div>","PeriodicalId":20970,"journal":{"name":"Resources Policy","volume":"105 ","pages":"Article 105592"},"PeriodicalIF":10.2,"publicationDate":"2025-04-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143877510","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-04-24DOI: 10.1016/j.resourpol.2025.105587
Juan Barredo, Daniel Feliciano
The political management of oil revenues, combined with more conjunctural factors, constitutes the central reference from which to understand, with a long term perspective, the heterogeneous phases of the volatile macroeconomic evolution and its close relationship with the accelerated deterioration of the state-owned oil company Petróleos de Venezuela (PDVSA).
Based on a combined study of PDVSA's operative and financial condition and its relationship with the Venezuelan central bank (BCV), this article identifies two stages in the political management of oil revenue that have shaped all these economic phases of the country in the last two decades as well as the dramatic crisis of the oil company. In a first stage, until 2017–2018, national access to international wealth was subsidized at the expense of PDVSA's viability. Since then, through monetized credit from the Central Bank and the reorientation of the exchange rate policy, an attempt is being made to save the oil company at the cost of an abrupt internal adjustment. The temporary combination of the subsidized access to foreign currency and the attempt to save PDVSA explains the hyperinflation period of 2017–2020.
This long-term view allows us to relativize the assertion that Venezuela was a typical case of the ‘Dutch disease’ during the expansion and crisis phases. On the other hand, we show that hyperinflation has a para-fiscal origin rather than a fiscal one. The strong nominal devaluation since 2018 marked the beginning of the incomplete contemporary recovery, in terms of growth, price moderation and financial relief for PDVSA.
石油收入的政治管理与更多的时变因素相结合，构成了从长期角度理解不稳定的宏观经济演变的不同阶段及其与国有石油公司Petróleos de Venezuela （PDVSA）加速恶化的密切关系的中心参考。基于对PDVSA的运营和财务状况及其与委内瑞拉中央银行（BCV）关系的综合研究，本文确定了石油收入政治管理的两个阶段，这两个阶段在过去二十年中塑造了该国所有这些经济阶段，以及石油公司的戏剧性危机。在第一阶段，直到2017-2018年，国家获得国际财富的补贴以牺牲PDVSA的生存能力为代价。从那时起，通过中央银行的货币化信贷和汇率政策的重新定位，人们试图以突然的内部调整为代价拯救这家石油公司。获得外汇补贴和试图拯救PDVSA的临时组合解释了2017-2020年的恶性通货膨胀期。这种长期观点使我们能够相对地断言委内瑞拉是扩张和危机阶段的典型“荷兰病”。另一方面，我们证明了恶性通货膨胀具有准财政根源，而不是财政根源。自2018年以来的强劲名义贬值标志着委内瑞拉国家石油公司（PDVSA）在增长、价格放缓和财政缓解方面开始了不完整的当代复苏。
{"title":"Venezuela's economic merry-go-round in the 21st century: a study through the prism of the political management of the oil rent","authors":"Juan Barredo, Daniel Feliciano","doi":"10.1016/j.resourpol.2025.105587","DOIUrl":"10.1016/j.resourpol.2025.105587","url":null,"abstract":"<div><div>The political management of oil revenues, combined with more conjunctural factors, constitutes the central reference from which to understand, with a long term perspective, the heterogeneous phases of the volatile macroeconomic evolution and its close relationship with the accelerated deterioration of the state-owned oil company Petróleos de Venezuela (PDVSA).</div><div>Based on a combined study of PDVSA's operative and financial condition and its relationship with the Venezuelan central bank (BCV), this article identifies two stages in the political management of oil revenue that have shaped all these economic phases of the country in the last two decades as well as the dramatic crisis of the oil company. In a first stage, until 2017–2018, national access to international wealth was subsidized at the expense of PDVSA's viability. Since then, through monetized credit from the Central Bank and the reorientation of the exchange rate policy, an attempt is being made to save the oil company at the cost of an abrupt internal adjustment. The temporary combination of the subsidized access to foreign currency and the attempt to save PDVSA explains the hyperinflation period of 2017–2020.</div><div>This long-term view allows us to relativize the assertion that Venezuela was a typical case of the ‘Dutch disease’ during the expansion and crisis phases. On the other hand, we show that hyperinflation has a para-fiscal origin rather than a fiscal one. The strong nominal devaluation since 2018 marked the beginning of the incomplete contemporary recovery, in terms of growth, price moderation and financial relief for PDVSA.</div></div>","PeriodicalId":20970,"journal":{"name":"Resources Policy","volume":"105 ","pages":"Article 105587"},"PeriodicalIF":10.2,"publicationDate":"2025-04-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143870499","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-04-24DOI: 10.1016/j.resourpol.2025.105588
Charles Bertin Pilag Kakeu , John William Seugue Nietcho , Christelle Moko Fodop , Metchouani Jasmine Patience
The study examined the effect of natural resource abundance on entrepreneurship in Sub-Saharan Africa (SSA), with a particular focus on gender dynamics. Empirical analyses were conducted using econometric methods such as ordinary least squares; generalized moments, Driscoll and Kraay; and quantile regression for a panel of 47 African economies between 1990 and 2023. The results show that the abundance of natural resources has a positive effect on entrepreneurship for both men and women, although this effect is more pronounced for women. However, when natural resource is disaggregated into different type of resources, the impact become greater on male entrepreneurship than on female entrepreneurship. Furthermore, the results indicate an inverted U-shaped relationship between the abundance of natural resources and entrepreneurship. The study also highlights the crucial role of institutions in modulating the effect of natural resources on entrepreneurship and gender dynamic. Countries with better quality institutions, particularly those that fight corruption and ensure political stability; who put in place targeted policies to reduce inequalities in access to natural resources; who put in place programs to encourage female entrepreneurship in the natural resources sector; are better able to take advantage of natural resources to stimulate entrepreneurship. This study contributes to the stream of research that attempts to challenge the natural resource curse hypothesis by clarifying the conditions that enable African countries to evolve into more sustainable economies.
{"title":"The curse or blessing of natural resources: impact on entrepreneurship and gender dynamics in Sub-Saharan Africa","authors":"Charles Bertin Pilag Kakeu , John William Seugue Nietcho , Christelle Moko Fodop , Metchouani Jasmine Patience","doi":"10.1016/j.resourpol.2025.105588","DOIUrl":"10.1016/j.resourpol.2025.105588","url":null,"abstract":"<div><div>The study examined the effect of natural resource abundance on entrepreneurship in Sub-Saharan Africa (SSA), with a particular focus on gender dynamics. Empirical analyses were conducted using econometric methods such as ordinary least squares; generalized moments, Driscoll and Kraay; and quantile regression for a panel of 47 African economies between 1990 and 2023. The results show that the abundance of natural resources has a positive effect on entrepreneurship for both men and women, although this effect is more pronounced for women. However, when natural resource is disaggregated into different type of resources, the impact become greater on male entrepreneurship than on female entrepreneurship. Furthermore, the results indicate an inverted U-shaped relationship between the abundance of natural resources and entrepreneurship. The study also highlights the crucial role of institutions in modulating the effect of natural resources on entrepreneurship and gender dynamic. Countries with better quality institutions, particularly those that fight corruption and ensure political stability; who put in place targeted policies to reduce inequalities in access to natural resources; who put in place programs to encourage female entrepreneurship in the natural resources sector; are better able to take advantage of natural resources to stimulate entrepreneurship. This study contributes to the stream of research that attempts to challenge the natural resource curse hypothesis by clarifying the conditions that enable African countries to evolve into more sustainable economies.</div></div>","PeriodicalId":20970,"journal":{"name":"Resources Policy","volume":"105 ","pages":"Article 105588"},"PeriodicalIF":10.2,"publicationDate":"2025-04-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143870475","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-04-18DOI: 10.1016/j.resourpol.2025.105593
Taşkın Deniz Yıldız
<div><div>Environmentally sustainable mining operations are becoming more and more important today. In this respect, the shares of different environmental costs paid by mining enterprises in mine operating costs are of interest. In Turkey, mining administrations collect environmental costs such as forestry costs and environmental compliance fees from mining enterprises using different calculation methods. Mining waste management costs and rehabilitation costs, on the other hand, are the costs that mining enterprises spend independently from mining administrations during the mining operating period to ensure compliance with the legislation. Among these, rehabilitation activities, which are considered at the center of the study, are evidence that mining enterprises are mining in harmony with the environment in a sustainable framework with their specific activity stages. Rehabilitation costs spent for rehabilitation activities are costs made at different stages of mining operations. In Turkey, rehabilitation costs are spent by mining enterprises on their initiative, but ignored by the administrations and the public. Because these costs are not paid to the administrations, the public can't have information about how much money is spent. The calculation of the ratio of this cost to the operating cost by considering the duration of mining operations may help the administrations to determine the optimum calculation methods of environmental costs in the presence of other environmental costs and to consider these costs in total. In this study, it is aimed to see environmental costs as a whole by emphasizing the rehabilitation costs of mining enterprises. It is also aimed to contribute to the post-mining sustainable land use process and forestland use. Accordingly, the ratio of rehabilitation costs contributing to used and returned forest areas to operating costs was considered and compared to each other in order for the Ministry of Agriculture and Forestry to reconsider the calculation methods of different types of forest costs charged from mining enterprises. In this way, this study also aims to raise awareness about the costs charged by the administrations from the enterprises and how much these costs constitute a total cost in the eyes of different ministries & administrations in terms of the annual costs of the enterprises. To this end, rehabilitation costs, waste management costs, environmental compliance fees, and forestry fees were compared together with their ratios to operating costs, and their changes according to mineral groups were analyzed. This study provides recommendations to policymakers on the nature and management of different environmental costs of mining enterprises that spend on environmentally compatible mining. This study also calculates rehabilitation costs per 1 ha of mining permit area and ton of mineral production. The study also analyzed whether rehabilitation costs are related to the area of forest used and returned, fore
{"title":"Rehabilitation costs paid by mining enterprises in Turkey: Comparison of rehabilitation costs with their shares in mining operation costs and other environmental costs","authors":"Taşkın Deniz Yıldız","doi":"10.1016/j.resourpol.2025.105593","DOIUrl":"10.1016/j.resourpol.2025.105593","url":null,"abstract":"<div><div>Environmentally sustainable mining operations are becoming more and more important today. In this respect, the shares of different environmental costs paid by mining enterprises in mine operating costs are of interest. In Turkey, mining administrations collect environmental costs such as forestry costs and environmental compliance fees from mining enterprises using different calculation methods. Mining waste management costs and rehabilitation costs, on the other hand, are the costs that mining enterprises spend independently from mining administrations during the mining operating period to ensure compliance with the legislation. Among these, rehabilitation activities, which are considered at the center of the study, are evidence that mining enterprises are mining in harmony with the environment in a sustainable framework with their specific activity stages. Rehabilitation costs spent for rehabilitation activities are costs made at different stages of mining operations. In Turkey, rehabilitation costs are spent by mining enterprises on their initiative, but ignored by the administrations and the public. Because these costs are not paid to the administrations, the public can't have information about how much money is spent. The calculation of the ratio of this cost to the operating cost by considering the duration of mining operations may help the administrations to determine the optimum calculation methods of environmental costs in the presence of other environmental costs and to consider these costs in total. In this study, it is aimed to see environmental costs as a whole by emphasizing the rehabilitation costs of mining enterprises. It is also aimed to contribute to the post-mining sustainable land use process and forestland use. Accordingly, the ratio of rehabilitation costs contributing to used and returned forest areas to operating costs was considered and compared to each other in order for the Ministry of Agriculture and Forestry to reconsider the calculation methods of different types of forest costs charged from mining enterprises. In this way, this study also aims to raise awareness about the costs charged by the administrations from the enterprises and how much these costs constitute a total cost in the eyes of different ministries & administrations in terms of the annual costs of the enterprises. To this end, rehabilitation costs, waste management costs, environmental compliance fees, and forestry fees were compared together with their ratios to operating costs, and their changes according to mineral groups were analyzed. This study provides recommendations to policymakers on the nature and management of different environmental costs of mining enterprises that spend on environmentally compatible mining. This study also calculates rehabilitation costs per 1 ha of mining permit area and ton of mineral production. The study also analyzed whether rehabilitation costs are related to the area of forest used and returned, fore","PeriodicalId":20970,"journal":{"name":"Resources Policy","volume":"104 ","pages":"Article 105593"},"PeriodicalIF":10.2,"publicationDate":"2025-04-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143843637","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-04-17DOI: 10.1016/j.resourpol.2025.105594
Shahryar Sorooshian
Through a data-driven approach, this research aims to uncover perceptions related to the industry's role in sustainable development. Correspondingly, this study explores socio-economic and environmental solutions within the mining industry and compares them to other industries. The analysis relies on archived data from the Thomson Reuters Asset4 (Asset4) database to examine and compare these perceptions across various industries. Utilizing a multiple criteria comparison, with the mean of analytical geometry concept, the collected database information offers insights into stakeholder perspectives. By contrasting the mining industry with nine other sectors including Banking, Automotive, and Construction, common patterns and discrepancies in perceptions are compared. From the analysis, the mining industry ranks lowest in socio-environmental performance compared to other sectors. The research findings enhanced our understanding of the mining industry's socio-environmental impacts and its potential for sustainable solutions. By addressing perceptions surrounding the mining industry, this study contributes to the ongoing discourse on sustainable practices and responsible resource extraction. Bridging the gap between industry practices and societal expectations, it facilitates evidence-based policies for sustainable development.
{"title":"Exploration of socio-environmental solutions in the mining industry in comparison to other industries: A data-driven unveiling perceptions","authors":"Shahryar Sorooshian","doi":"10.1016/j.resourpol.2025.105594","DOIUrl":"10.1016/j.resourpol.2025.105594","url":null,"abstract":"<div><div>Through a data-driven approach, this research aims to uncover perceptions related to the industry's role in sustainable development. Correspondingly, this study explores socio-economic and environmental solutions within the mining industry and compares them to other industries. The analysis relies on archived data from the Thomson Reuters Asset4 (Asset4) database to examine and compare these perceptions across various industries. Utilizing a multiple criteria comparison, with the mean of analytical geometry concept, the collected database information offers insights into stakeholder perspectives. By contrasting the mining industry with nine other sectors including Banking, Automotive, and Construction, common patterns and discrepancies in perceptions are compared. From the analysis, the mining industry ranks lowest in socio-environmental performance compared to other sectors. The research findings enhanced our understanding of the mining industry's socio-environmental impacts and its potential for sustainable solutions. By addressing perceptions surrounding the mining industry, this study contributes to the ongoing discourse on sustainable practices and responsible resource extraction. Bridging the gap between industry practices and societal expectations, it facilitates evidence-based policies for sustainable development.</div></div>","PeriodicalId":20970,"journal":{"name":"Resources Policy","volume":"104 ","pages":"Article 105594"},"PeriodicalIF":10.2,"publicationDate":"2025-04-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143838909","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-04-16DOI: 10.1016/j.resourpol.2025.105586
Seyi Saint Akadiri , Oktay Ozkan , Andrew Adewale Alola
Nigeria's pursuit of economic growth has raised concerns about its environmental sustainability, particularly regarding the effects of resource dependency, urbanization, and foreign direct investment (FDI). This study employs wavelet quantile regression (WQR) to examine how these factors influence Nigeria's load capacity factor from 1970 to 2022. Findings reveal that economic growth consistently degrades environmental quality across all quantiles, with worsening effects over time. FDI and urbanization similarly exert negative ecological impacts, particularly at medium and high quantiles. Resource dependency harms environmental quality at lower and higher quantiles but shows no effect at mid-levels. Wavelet quantile Granger causality (WQGC) confirms strong short- and medium-term causal relationships. These insights highlight the environmental costs of economic expansion and guide policymakers striving to balance development with sustainability.
{"title":"Investigating the determinants of load capacity factor in Nigeria: An asymmetric quantile approach on urbanization, economic growth, FDI, and resource dependency","authors":"Seyi Saint Akadiri , Oktay Ozkan , Andrew Adewale Alola","doi":"10.1016/j.resourpol.2025.105586","DOIUrl":"10.1016/j.resourpol.2025.105586","url":null,"abstract":"<div><div>Nigeria's pursuit of economic growth has raised concerns about its environmental sustainability, particularly regarding the effects of resource dependency, urbanization, and foreign direct investment (FDI). This study employs wavelet quantile regression (WQR) to examine how these factors influence Nigeria's load capacity factor from 1970 to 2022. Findings reveal that economic growth consistently degrades environmental quality across all quantiles, with worsening effects over time. FDI and urbanization similarly exert negative ecological impacts, particularly at medium and high quantiles. Resource dependency harms environmental quality at lower and higher quantiles but shows no effect at mid-levels. Wavelet quantile Granger causality (WQGC) confirms strong short- and medium-term causal relationships. These insights highlight the environmental costs of economic expansion and guide policymakers striving to balance development with sustainability.</div></div>","PeriodicalId":20970,"journal":{"name":"Resources Policy","volume":"104 ","pages":"Article 105586"},"PeriodicalIF":10.2,"publicationDate":"2025-04-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143834138","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-04-11DOI: 10.1016/j.resourpol.2025.105575
Amir Fazli Allah Abadi, Majid Ataee-pour
Public-private partnerships (PPPs) in the mining industry face challenges such as conflicts of interest, lack of transparency, and uncertain stakeholder cooperation, which reduce the effectiveness of these collaborations. This study employs evolutionary game theory to examine the strategic dynamics between the government (as a supervisor) and contractors (as executors) in mining PPPs. The proposed model utilizes replicator dynamics and numerical simulations to analyze the impact of regulatory mechanisms, including incentives, penalties, government oversight effectiveness, and contractor cooperation incentives. Data from the Angoran lead-zinc mine are used to validate the model. The results indicate that increasing penalties and incentives within the range of 3 %–12 % of total investment accelerates contractors’ transition toward cooperation, leading to a stable equilibrium with the strategy of “government negotiation and contractor cooperation.' Furthermore, strengthening supervision and cooperation incentives by 5–15 % accelerates the stabilization of equilibrium, and cooperation is in an optimal state at 10 %, where the interests of both parties are effectively aligned. This study introduces a novel framework for modeling stakeholder behavior in mining PPPs and provides insights into achieving equilibria in the game between players, where strategic interactions stabilize through balanced regulatory influence, offering policy recommendations for effective regulatory design.
{"title":"Evaluating public-private partnerships in mining: An evolutionary game theory approach to strategic dynamics and regulatory impacts","authors":"Amir Fazli Allah Abadi, Majid Ataee-pour","doi":"10.1016/j.resourpol.2025.105575","DOIUrl":"10.1016/j.resourpol.2025.105575","url":null,"abstract":"<div><div>Public-private partnerships (PPPs) in the mining industry face challenges such as conflicts of interest, lack of transparency, and uncertain stakeholder cooperation, which reduce the effectiveness of these collaborations. This study employs evolutionary game theory to examine the strategic dynamics between the government (as a supervisor) and contractors (as executors) in mining PPPs. The proposed model utilizes replicator dynamics and numerical simulations to analyze the impact of regulatory mechanisms, including incentives, penalties, government oversight effectiveness, and contractor cooperation incentives. Data from the Angoran lead-zinc mine are used to validate the model. The results indicate that increasing penalties and incentives within the range of 3 %–12 % of total investment accelerates contractors’ transition toward cooperation, leading to a stable equilibrium with the strategy of “government negotiation and contractor cooperation.' Furthermore, strengthening supervision and cooperation incentives by 5–15 % accelerates the stabilization of equilibrium, and cooperation is in an optimal state at 10 %, where the interests of both parties are effectively aligned. This study introduces a novel framework for modeling stakeholder behavior in mining PPPs and provides insights into achieving equilibria in the game between players, where strategic interactions stabilize through balanced regulatory influence, offering policy recommendations for effective regulatory design.</div></div>","PeriodicalId":20970,"journal":{"name":"Resources Policy","volume":"104 ","pages":"Article 105575"},"PeriodicalIF":10.2,"publicationDate":"2025-04-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143820987","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
扫码关注我们
求助内容：
应助结果提醒方式：
京公网安备 11010802042870号