Pub Date : 2025-02-06DOI: 10.1016/j.resourpol.2025.105492
Jinguo Li , Youngmi Kim
Sustainable energy infrastructure is vital for addressing global climate challenges, and ESG investing has emerged as a key driver in greening private enterprises. This study examines the impact of ESG investing on private sector energy infrastructure investment in 20 OECD countries from 2010 to 2021 using an Autoregressive Distributed Lag (ARDL) model. Findings reveal that a 1% increase in ESG investment boosts short-term private investment by 0.15% and long-term investment by 0.26%. Conversely, economic risk and consumer price index reduce short-term investment by 0.43% and 0.27%, respectively, with similar long-term effects. Economic growth, human capital, and internet access enhance short-term investment by 0.31%, 0.29% and 0.54%. Long-term analysis shows a 1% increase in past investments leads to a 0.49% rise in future investments. To foster sustainable investment, OECD nations should enhance ESG regulations, standardize reporting, improve human resource management, promote green technology R&D, and raise awareness.
{"title":"Responsibility of the private sector to fossil fuels transition through ESG awareness","authors":"Jinguo Li , Youngmi Kim","doi":"10.1016/j.resourpol.2025.105492","DOIUrl":"10.1016/j.resourpol.2025.105492","url":null,"abstract":"<div><div>Sustainable energy infrastructure is vital for addressing global climate challenges, and ESG investing has emerged as a key driver in greening private enterprises. This study examines the impact of ESG investing on private sector energy infrastructure investment in 20 OECD countries from 2010 to 2021 using an Autoregressive Distributed Lag (ARDL) model. Findings reveal that a 1% increase in ESG investment boosts short-term private investment by 0.15% and long-term investment by 0.26%. Conversely, economic risk and consumer price index reduce short-term investment by 0.43% and 0.27%, respectively, with similar long-term effects. Economic growth, human capital, and internet access enhance short-term investment by 0.31%, 0.29% and 0.54%. Long-term analysis shows a 1% increase in past investments leads to a 0.49% rise in future investments. To foster sustainable investment, OECD nations should enhance ESG regulations, standardize reporting, improve human resource management, promote green technology R&D, and raise awareness.</div></div>","PeriodicalId":20970,"journal":{"name":"Resources Policy","volume":"102 ","pages":"Article 105492"},"PeriodicalIF":10.2,"publicationDate":"2025-02-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143294598","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 : 2025-02-06DOI: 10.1016/j.resourpol.2025.105507
Blair Rutherford , Doris Buss , João Carlos Colaço
Many formalization of artisanal and small-scale mining (ASM) policies in Africa emphasize increasing tenure security through mining titles and the mandatory creation of cooperatives. These are promoted as a means of poverty-alleviation, reducing environmental harms, and ensuring community benefits, which could include the empowerment of women. Drawing from research conducted in gold ASM areas in Manica, Mozambique together with analyses of transnational law and policy on miners’ cooperatives and ASM formalization interventions, this paper examines how these efforts have expressed significant gendered and class inequities. It analyses how the authority and control rights of the associations/cooperatives privilege men who are local political or economic leaders, which in one case was widely celebrated as an early and leading example of the benefits of formalization. The result, we find, was reduced access to gold mining livelihoods for women. Our analysis underscores the importance of examining who actually receives control rights in formalization efforts and how these are gendered and classed in practice, rather than assuming the declared collective benefits such as gender empowerment will emerge from them.
{"title":"Tracing gendered and classed dimension of formalization of artisanal and small-scale mining efforts in Mozambique","authors":"Blair Rutherford , Doris Buss , João Carlos Colaço","doi":"10.1016/j.resourpol.2025.105507","DOIUrl":"10.1016/j.resourpol.2025.105507","url":null,"abstract":"<div><div>Many formalization of artisanal and small-scale mining (ASM) policies in Africa emphasize increasing tenure security through mining titles and the mandatory creation of cooperatives. These are promoted as a means of poverty-alleviation, reducing environmental harms, and ensuring community benefits, which could include the empowerment of women. Drawing from research conducted in gold ASM areas in Manica, Mozambique together with analyses of transnational law and policy on miners’ cooperatives and ASM formalization interventions, this paper examines how these efforts have expressed significant gendered and class inequities. It analyses how the authority and control rights of the associations/cooperatives privilege men who are local political or economic leaders, which in one case was widely celebrated as an early and leading example of the benefits of formalization. The result, we find, was reduced access to gold mining livelihoods for women. Our analysis underscores the importance of examining who actually receives control rights in formalization efforts and how these are gendered and classed in practice, rather than assuming the declared collective benefits such as gender empowerment will emerge from them.</div></div>","PeriodicalId":20970,"journal":{"name":"Resources Policy","volume":"102 ","pages":"Article 105507"},"PeriodicalIF":10.2,"publicationDate":"2025-02-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143294599","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-02-05DOI: 10.1016/j.resourpol.2025.105509
Canh Phuc Nguyen , Binh Quang Nguyen
Natural resources rents have decreased in the last decade, but the climate change and global warming emergency still requires urgent action to reduce further natural resources rent-seeking activities. This study contributes to the literature by analyzing how dependence on natural resources is determined by the risks and uncertainties of natural hazards. In particular, the influences of exposure and a lack of adaptation strategies on natural resources rents are estimated for a global sample of 119 countries from 2011 to 2019. The empirical results provide four interesting findings. First, increases in exposure have a decreasing effect on natural resources rents, while a lack of adaptation strategies has increasing effects. Second, the analyses for two subsamples show consistent findings for 85 developing countries, while both exposure and a lack of adaptation strategies reduce natural resources rents in 34 developed countries. Third, the analyses for five different natural resources rents (oil, coal, mineral, natural gas, and forest) are shown to be robust. Exposure to natural hazards reduces natural resources rents, except for oil rent, while a lack of adaptation strategies increases natural resources rents, except for coal rent. Last, the quantile regressions show that the effects of natural threats are more prominent in middle quantiles. The findings are checked using instrumental variable estimates and different robustness tests. The results highlight the importance of adaptation strategies to natural hazards to reduce natural resources rent-seeking activities.
{"title":"Do natural threats matter for natural resources rents? Global evidence","authors":"Canh Phuc Nguyen , Binh Quang Nguyen","doi":"10.1016/j.resourpol.2025.105509","DOIUrl":"10.1016/j.resourpol.2025.105509","url":null,"abstract":"<div><div>Natural resources rents have decreased in the last decade, but the climate change and global warming emergency still requires urgent action to reduce further natural resources rent-seeking activities. This study contributes to the literature by analyzing how dependence on natural resources is determined by the risks and uncertainties of natural hazards. In particular, the influences of exposure and a lack of adaptation strategies on natural resources rents are estimated for a global sample of 119 countries from 2011 to 2019. The empirical results provide four interesting findings. <em>First</em>, increases in exposure have a decreasing effect on natural resources rents, while a lack of adaptation strategies has increasing effects. <em>Second</em>, the analyses for two subsamples show consistent findings for 85 developing countries, while both exposure and a lack of adaptation strategies reduce natural resources rents in 34 developed countries. <em>Third</em>, the analyses for five different natural resources rents (oil, coal, mineral, natural gas, and forest) are shown to be robust. Exposure to natural hazards reduces natural resources rents, except for oil rent, while a lack of adaptation strategies increases natural resources rents, except for coal rent. <em>Last</em>, the quantile regressions show that the effects of natural threats are more prominent in middle quantiles. The findings are checked using instrumental variable estimates and different robustness tests. The results highlight the importance of adaptation strategies to natural hazards to reduce natural resources rent-seeking activities.</div></div>","PeriodicalId":20970,"journal":{"name":"Resources Policy","volume":"102 ","pages":"Article 105509"},"PeriodicalIF":10.2,"publicationDate":"2025-02-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143177919","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 : 2025-02-05DOI: 10.1016/j.resourpol.2025.105494
Mehmet Akif Destek , Muhammad Usman , Najia Saqib
The purpose of this study is to identify the factors that determine the dependence on minerals for 10 mineral-rich African countries in terms of managing sustainable mineral policy and to ascertain whether regulations and international cooperations have a moderating effect on the effects of factors that increase dependence level of these countries. With recently developed panel data approaches, the impacts of economic growth, mineral rent, trade openness, regulatory measures, and international collaborations on mineral dependency are examined for the period of 2000–2020. The results show that trade openness, economic development, and increases in mineral rent all lead to greater mineral dependency. On the other side, the expansion of international collaborations results in less dependency. Further, mineral dependency level is not directly impacted by strict regulations. In terms of moderating influences, it has been shown that international collaborations and regulations both counteract the trade openness's tendency to increase dependency, demonstrating the efficacy of these factors. Based on the findings, policies are recommended that international cooperation and partnership opportunities with other nations, global institutions and development organizations should be pursued aggressively.
{"title":"Do political cooperations and regulations manage Africa's sustainable mineral policy?","authors":"Mehmet Akif Destek , Muhammad Usman , Najia Saqib","doi":"10.1016/j.resourpol.2025.105494","DOIUrl":"10.1016/j.resourpol.2025.105494","url":null,"abstract":"<div><div>The purpose of this study is to identify the factors that determine the dependence on minerals for 10 mineral-rich African countries in terms of managing sustainable mineral policy and to ascertain whether regulations and international cooperations have a moderating effect on the effects of factors that increase dependence level of these countries. With recently developed panel data approaches, the impacts of economic growth, mineral rent, trade openness, regulatory measures, and international collaborations on mineral dependency are examined for the period of 2000–2020. The results show that trade openness, economic development, and increases in mineral rent all lead to greater mineral dependency. On the other side, the expansion of international collaborations results in less dependency. Further, mineral dependency level is not directly impacted by strict regulations. In terms of moderating influences, it has been shown that international collaborations and regulations both counteract the trade openness's tendency to increase dependency, demonstrating the efficacy of these factors. Based on the findings, policies are recommended that international cooperation and partnership opportunities with other nations, global institutions and development organizations should be pursued aggressively.</div></div>","PeriodicalId":20970,"journal":{"name":"Resources Policy","volume":"102 ","pages":"Article 105494"},"PeriodicalIF":10.2,"publicationDate":"2025-02-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143177922","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 : 2025-02-04DOI: 10.1016/j.resourpol.2025.105483
Yang Song , Cheng Yu , Cosimo Magazzino , Xing Li
The global push for a sustainable economy has led to a sharp rise in the demand for minerals, essential for supporting low-carbon and renewable energy technologies. However, the mining industry in Asia faces formidable environmental, technological, and financial hurdles in transitioning to greener operations. This study provides an empirical assessment of mineral prospecting through a carbon-neutral lens, employing the Cross-sectional Autoregressive Distributive Lag (CS-ARDL) econometric model to simulate sustainable mining scenarios. Analyzing annual data from 2015 to 2022, the research uncovers several critical findings. First, while mineral exploration holds significant potential to enable the green transition by supplying vital materials for renewable technologies, current practices are environmentally unsustainable. Second, innovative technologies such as AI and big data can substantially improve the sector's operational efficiency and reduce environmental harm, but adoption remains limited. Third, financial institutions are increasingly imposing stricter sustainability benchmarks, creating new opportunities for green investment but also posing risks for non-compliant firms. Fourth, the study highlights that without stronger community engagement and enhanced social governance, mining projects face social license risks, potentially derailing operations. Overall, the results stress the necessity for a balanced approach, integrating economic viability, environmental protection, and social responsibility, to transition Asia's mining industry toward a greener future. The findings present clear pathways for policy interventions and strategic industry actions to drive sustainable mineral exploration.
{"title":"Transitioning the mining industry to a greener economy: An Asian perspective of mineral demand","authors":"Yang Song , Cheng Yu , Cosimo Magazzino , Xing Li","doi":"10.1016/j.resourpol.2025.105483","DOIUrl":"10.1016/j.resourpol.2025.105483","url":null,"abstract":"<div><div>The global push for a sustainable economy has led to a sharp rise in the demand for minerals, essential for supporting low-carbon and renewable energy technologies. However, the mining industry in Asia faces formidable environmental, technological, and financial hurdles in transitioning to greener operations. This study provides an empirical assessment of mineral prospecting through a carbon-neutral lens, employing the Cross-sectional Autoregressive Distributive Lag (CS-ARDL) econometric model to simulate sustainable mining scenarios. Analyzing annual data from 2015 to 2022, the research uncovers several critical findings. First, while mineral exploration holds significant potential to enable the green transition by supplying vital materials for renewable technologies, current practices are environmentally unsustainable. Second, innovative technologies such as AI and big data can substantially improve the sector's operational efficiency and reduce environmental harm, but adoption remains limited. Third, financial institutions are increasingly imposing stricter sustainability benchmarks, creating new opportunities for green investment but also posing risks for non-compliant firms. Fourth, the study highlights that without stronger community engagement and enhanced social governance, mining projects face social license risks, potentially derailing operations. Overall, the results stress the necessity for a balanced approach, integrating economic viability, environmental protection, and social responsibility, to transition Asia's mining industry toward a greener future. The findings present clear pathways for policy interventions and strategic industry actions to drive sustainable mineral exploration.</div></div>","PeriodicalId":20970,"journal":{"name":"Resources Policy","volume":"102 ","pages":"Article 105483"},"PeriodicalIF":10.2,"publicationDate":"2025-02-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143177920","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 : 2025-02-03DOI: 10.1016/j.resourpol.2025.105496
M.N.S. Faraco , L. Simão , J. Acordi , E.F. Olivo , A. Zaccaron , O.R.K. Montedo , M.J. Ribeiro , C.P. Bergmann , F. Raupp-Pereira
Coal is a key energy source globally, and Brazil holds substantial reserves. However, approximately 50% of the coal extracted in Brazil is discarded as waste, often mixed into a single material without selective characterization. This study aims to establish a framework to help mining companies identify and implement strategies for sustainable coal mining practices in the study region. Residual fraction samples were collected and analyzed for their characteristics and potential applications. The results showed that the clay content in the waste is influenced by the age and depth of the coal deposits, while the beneficiation process determines the pyritic content. Based on these findings, four groups of residual fractions were identified for specific applications. Group 1, with higher carbon content, is suitable for processing and carbon concentration. Group 2, characterized by low pyrite content, coarse granulometry, and neutral pH, may be used to concentrate clay minerals for ceramics and mortars. Group 3, rich in clay minerals, is suitable for fertilizers, techno-soils, pozzolans, and geopolymers. Group 4 includes samples with potential for pyrite concentration. This study highlights the value of systematic waste sampling and evaluation, providing an effective strategy to promote the circular economy. This approach supports sustainable development in the research region and beyond by unlocking the potential of coal mining waste.
{"title":"An overview of the coal circularity in Brazil: A new sustainable approach based on sampling method, characterization, and waste valorization","authors":"M.N.S. Faraco , L. Simão , J. Acordi , E.F. Olivo , A. Zaccaron , O.R.K. Montedo , M.J. Ribeiro , C.P. Bergmann , F. Raupp-Pereira","doi":"10.1016/j.resourpol.2025.105496","DOIUrl":"10.1016/j.resourpol.2025.105496","url":null,"abstract":"<div><div>Coal is a key energy source globally, and Brazil holds substantial reserves. However, approximately 50% of the coal extracted in Brazil is discarded as waste, often mixed into a single material without selective characterization. This study aims to establish a framework to help mining companies identify and implement strategies for sustainable coal mining practices in the study region. Residual fraction samples were collected and analyzed for their characteristics and potential applications. The results showed that the clay content in the waste is influenced by the age and depth of the coal deposits, while the beneficiation process determines the pyritic content. Based on these findings, four groups of residual fractions were identified for specific applications. Group 1, with higher carbon content, is suitable for processing and carbon concentration. Group 2, characterized by low pyrite content, coarse granulometry, and neutral pH, may be used to concentrate clay minerals for ceramics and mortars. Group 3, rich in clay minerals, is suitable for fertilizers, techno-soils, pozzolans, and geopolymers. Group 4 includes samples with potential for pyrite concentration. This study highlights the value of systematic waste sampling and evaluation, providing an effective strategy to promote the circular economy. This approach supports sustainable development in the research region and beyond by unlocking the potential of coal mining waste.</div></div>","PeriodicalId":20970,"journal":{"name":"Resources Policy","volume":"102 ","pages":"Article 105496"},"PeriodicalIF":10.2,"publicationDate":"2025-02-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143177562","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 : 2025-02-03DOI: 10.1016/j.resourpol.2025.105488
Hugh Breakey , Graham Wood , Charles Sampford
‘Social licence to operate’ (SLO) has become a widely used term in discussions of corporate ethics and social responsibility, both in scholarship and lay discourse. Despite this, the term has no settled meaning. Early definitions referred simply to ‘social acceptance’ by relevant stakeholders, specifically those who were directly impacted, or could directly impact on, the operations. Other understandings of SLO highlight the key drivers of acceptance, and still others refer directly to moral values. In this conceptual framework paper, we draw on parallel distinctions that arise with the term ‘legitimacy’, to provide definitions of each of these three ways of understanding SLO. However, there is a further, more unique sense of SLO that implies that operations should have community acceptance. We suggest this version of SLO refers to a community's acceptance of operations in a case where that community holds a ‘moral authority’ over those operations. We show how these four distinct understandings of SLO usefully direct attention to different yet important social and ethical dimensions of industry operations, and help to clarify the complex relationship between social acceptance and overall moral legitimacy. We also discuss cases where equivocation between different meanings can be problematic.
{"title":"Understanding and defining the social license to operate: Social acceptance, local values, overall moral legitimacy, and ‘moral authority’","authors":"Hugh Breakey , Graham Wood , Charles Sampford","doi":"10.1016/j.resourpol.2025.105488","DOIUrl":"10.1016/j.resourpol.2025.105488","url":null,"abstract":"<div><div>‘Social licence to operate’ (SLO) has become a widely used term in discussions of corporate ethics and social responsibility, both in scholarship and lay discourse. Despite this, the term has no settled meaning. Early definitions referred simply to ‘social acceptance’ by relevant stakeholders, specifically those who were directly impacted, or could directly impact on, the operations. Other understandings of SLO highlight the key drivers of acceptance, and still others refer directly to moral values. In this conceptual framework paper, we draw on parallel distinctions that arise with the term ‘legitimacy’, to provide definitions of each of these three ways of understanding SLO. However, there is a further, more unique sense of SLO that implies that operations <em>should have</em> community acceptance. We suggest this version of SLO refers to a community's acceptance of operations in a case where that community holds a ‘moral authority’ over those operations. We show how these four distinct understandings of SLO usefully direct attention to different yet important social and ethical dimensions of industry operations, and help to clarify the complex relationship between social acceptance and overall moral legitimacy. We also discuss cases where equivocation between different meanings can be problematic.</div></div>","PeriodicalId":20970,"journal":{"name":"Resources Policy","volume":"102 ","pages":"Article 105488"},"PeriodicalIF":10.2,"publicationDate":"2025-02-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143177561","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-02-01DOI: 10.1016/j.resourpol.2025.105475
Abiodun Ismail Lawal , Francois Mulenga
Value addition to raw gold through refining is a means for enhancing economic growth and minimizing unemployment. However, the improper location of gold refining facility may hinder the inherent advantages in value addition chain. This study therefore proposed novel Fermatean fuzzy Spearman rank correlation coefficient (FF-SCC) multi criteria decision making (MCDM) method to prioritise the gold refining facility location in Nigeria. The objectives of the study are achieved through the identification of various states in Nigeria with gold deposits and those with proxy locations to the gold bearing states. Three indices under the sustainable development goals (SDGs) which are economic, environment and society form the bases of the evaluation criteria. Fifteen different states form the alternative while eight criteria formulated within the sustainable development goals indices are used for the evaluation. The importance of the criteria in relation to the alternatives was assessed by the group of three experts. The outcome of the proposed four FF-SCC based MCDM methods ranked Oyo and Osun states either the first- or second-best place to locate the gold refining facility while Kogi State and Sokoto are ranked least. The proposed models are validated with FF-VIKOR MCDM method and their rankings are also similar.
{"title":"Prioritising the location of gold refining facility in Nigeria: An application of advanced multi-criteria decision making methods based on Fermatean fuzzy sets","authors":"Abiodun Ismail Lawal , Francois Mulenga","doi":"10.1016/j.resourpol.2025.105475","DOIUrl":"10.1016/j.resourpol.2025.105475","url":null,"abstract":"<div><div>Value addition to raw gold through refining is a means for enhancing economic growth and minimizing unemployment. However, the improper location of gold refining facility may hinder the inherent advantages in value addition chain. This study therefore proposed novel Fermatean fuzzy Spearman rank correlation coefficient (FF-SCC) multi criteria decision making (MCDM) method to prioritise the gold refining facility location in Nigeria. The objectives of the study are achieved through the identification of various states in Nigeria with gold deposits and those with proxy locations to the gold bearing states. Three indices under the sustainable development goals (SDGs) which are economic, environment and society form the bases of the evaluation criteria. Fifteen different states form the alternative while eight criteria formulated within the sustainable development goals indices are used for the evaluation. The importance of the criteria in relation to the alternatives was assessed by the group of three experts. The outcome of the proposed four FF-SCC based MCDM methods ranked Oyo and Osun states either the first- or second-best place to locate the gold refining facility while Kogi State and Sokoto are ranked least. The proposed models are validated with FF-VIKOR MCDM method and their rankings are also similar.</div></div>","PeriodicalId":20970,"journal":{"name":"Resources Policy","volume":"101 ","pages":"Article 105475"},"PeriodicalIF":10.2,"publicationDate":"2025-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143100200","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 : 2025-02-01DOI: 10.1016/j.resourpol.2025.105477
Luccas Assis Attílio
Energy transition involves the utilization of critical minerals. We investigate whether critical mineral (CM) prices (nickel, cobalt, lithium, and rare earth) contribute to macroeconomic fluctuations. Employing a GVAR with 34 economies from July 2012 to July 2023, our results reveal that most economies are sensitive to cobalt and lithium prices, suggesting these minerals could potentially induce a global recession accompanied by increasing inflation. Considering the predominant influence of oil prices, we compare the importance of oil and critical mineral prices in domestic fluctuations. Despite the potential for deep fluctuations caused by CM prices, our findings indicate that oil prices will maintain their position as a relevant global factor. Subsequently, we observed that oil prices affect critical mineral prices (but not vice versa). This suggests that oil and CM have a complex relationship marked by complementarities. To address the impact of Covid-19 on CM prices and the diminished importance of CM in the previous millennium, we adjusted our analysis period. The results remain robust to these modifications. Similar to oil and commodity prices, CM prices possess the potential to trigger international fluctuations and promote tensions in financial markets.
{"title":"Critical minerals: A new source of macroeconomic fluctuation?","authors":"Luccas Assis Attílio","doi":"10.1016/j.resourpol.2025.105477","DOIUrl":"10.1016/j.resourpol.2025.105477","url":null,"abstract":"<div><div>Energy transition involves the utilization of critical minerals. We investigate whether critical mineral (CM) prices (nickel, cobalt, lithium, and rare earth) contribute to macroeconomic fluctuations. Employing a GVAR with 34 economies from July 2012 to July 2023, our results reveal that most economies are sensitive to cobalt and lithium prices, suggesting these minerals could potentially induce a global recession accompanied by increasing inflation. Considering the predominant influence of oil prices, we compare the importance of oil and critical mineral prices in domestic fluctuations. Despite the potential for deep fluctuations caused by CM prices, our findings indicate that oil prices will maintain their position as a relevant global factor. Subsequently, we observed that oil prices affect critical mineral prices (but not vice versa). This suggests that oil and CM have a complex relationship marked by complementarities. To address the impact of Covid-19 on CM prices and the diminished importance of CM in the previous millennium, we adjusted our analysis period. The results remain robust to these modifications. Similar to oil and commodity prices, CM prices possess the potential to trigger international fluctuations and promote tensions in financial markets.</div></div>","PeriodicalId":20970,"journal":{"name":"Resources Policy","volume":"101 ","pages":"Article 105477"},"PeriodicalIF":10.2,"publicationDate":"2025-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143100653","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 : 2025-02-01DOI: 10.1016/j.resourpol.2025.105476
Bohumil Frantál , Justyna M. Chodkowska-Miszczuk , Filip Alexandrescu , Franziska Stölzel , Petr Klusáček , Ondřej Konečný , Diana Süsser , Agata Lewandowska , Dominik Zieliński
The paper presents results of an international comparative survey with local communities living in three coal mining areas in the Czech Republic, Germany, and Poland. The survey attempted to answer the questions to what extent do the perceptions of negative impacts and threats of coal mining, the attitudes towards coal mining and preferences for the pace of coal phase-out differ between the study areas and which factors significantly affect them. The survey focused on residents living in municipalities near active open-cast mines, who have personal experience with both the impacts of mining on the living environment and the effects of the closure of mines on the socio-economic situation in their regions. We found out a high degree of variance in perceptions and attitudes between areas but also within areas (between municipalities and specific groups of people). The results show that residents in coal mining areas hold complex and conflicted attitudes towards coal which are affected by specific geographical conditions, the extent of landscape impacts, and people’s relationships with places, communities, and the coal industry. The significant predictors of attitudes to coal proved to be perceptions of negative environmental impacts of mining, work relationship with coal industry, age, and gender, however, these factors have different significance in various local contexts. With this paper we offer a comparative local-level approach to the just transition as a process that is far from disembodied but instead is tied to specific landscapes and places.
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