Resources Policy最新文献

Climate policies directly affect cleaner energy technology markets, affecting price signals for greener electricity production. In turn, the manufacturing of energy technologies relies heavily on mineral inputs, posing challenges in securing mineral ores and concentrates either from local mines or overseas. This paper contributes to the mineral-energy literature by examining the impact of climate change policies on the net import demand for five essential minerals used in cleaner energy technologies: copper, aluminium, nickel, cobalt, and manganese. We examined country-level panel data from 33 countries from 1992 to 2015 to understand patterns in net imports relative to renewable generation. This metric allows the examination of technological improvements that contribute to more efficient use of imported mineral inputs in renewable energy systems. Results suggest that while both net import volumes and renewable generation have increased over time, net imports per renewable generation have continuously declined on average, suggesting that nations may have efficiently utilized imported resources to generate more than proportionate increases in cleaner energy. Moreover, results from a cross-sectional autoregressive distributed lag model show that the stringency of environmental policies significantly affects net mineral imports per renewable generation, with marked variations across minerals and countries. Notably, with stricter policies, import reliance on cobalt and aluminium per renewable energy increases in the short run and eventually declines in the long run. Import reliance for copper declines per unit of renewable energy in the short run but increases in the long run. These findings emphasize the need for tailored policies to navigate mineral trade dynamics effectively. The research contributes valuable insights to the ongoing discussions surrounding sustainable energy transitions and global mineral trade patterns.

In the contemporary era, economies are heavily relying on minerals extraction, where the literature offers ambiguous evidence regarding minerals-growth nexus. To solve the puzzle, this research inspects the empirical association between mineral resources and economic prosperity in the South Asian nations from 1988 to 2022. This study also scrutinizes the importance of financial development, remittances, renewable energy use, and technological innovation. The research utilizes a panel dataset and applies the normality, stationarity, and cointegration tests. The results validates non-normal data distribution, stationarity of variables, and existence of long-run equilibrium association between them. To tackle non-normality and structural break issues, panel quantile regression and structural break ordinary least squares (OLS), are used. The study's results emphasize that mineral rents and remittances harm economic growth, indicating the poor outcomes associated with excessive dependence on external sources income. On the other hand, the factors identified as key drivers of sustainable economic expansion include financial progress, the use of green energy, and technical innovation. The results are tested for robustness via dynamic OLS, fully modified OLS, and canonical cointegration regression. This research recommends the significance of diversified revenue sources, fostering financial expansion, and making investments in renewable energy systems. To create more equitable growth, policymakers must focus on improved R&D and financial inclusion.

Global decarbonization has large implications for trade and financial flows, and with few economies likely to be more affected than those relying heavily on exporting fossil fuels. This study first identifies 40 highly fossil fuel dependent economies and then, through several empirical strategies, examines the potential implications for oil rents, public finances and economic growth from global decarbonization. First, it is estimated that as a group, countries would lose more than 60 percent of oil rents alone, or between (present value adjusted) US$12–14 trillion, for the period 2023–2040 under a global ‘net-zero 2050’ versus a ‘business as usual’ scenario, - a loss equivalent in size to between 120 and 142 percent of GDP. Second, local projections model estimates suggest that there are large and persistent adverse growth and fiscal impacts associated with global decarbonization in emerging market and developing economy oil exporters. Here, a 10 percentage point (pp) decrease in (real) oil price inflation is associated with a decline of 1.58 percent in (real) GDP four periods after the shock; a decrease in annual government revenue (as a percentage of GDP) by between 0.6 and 0.8 pp and; an addition of about 0.5 pp to government debt per year. Finally, the study discusses relative vulnerabilities, and the domestic and international policy options needed to mitigate transition cost. Aside from a handful of primarily high-income countries, most countries have little or no savings to help them cushion an inevitable steep fall in demand for their main export and source of revenue, and more than one third of countries are characterized by either low or medium levels of human development. Whereas several countries are relatively well positioned to successfully mitigate the transition cost provided urgently prioritized domestic reforms, a substantial subgroup of countries will need international assistance to avoid potentially large negative socio-economic consequences.

Using the CUP-BC estimation technique, this study explores Foreign Direct Investment (FDI) in critical minerals and its impact on fuel consumption in the transportation sector across nine ASEAN countries from 1995 to 2022. Results indicate that a 1% increase in FDI in critical minerals is associated with a 0.54% reduction in fuel consumption. This underscores the role of minerals like lithium, cobalt, and nickel in advancing energy transition, particularly in electric vehicle (EV) battery production. Urbanization correlates with a 0.16% increase in fuel use, while higher income levels associate with a 0.08% rise. Investments in ICT and renewable energy deployment reduce fuel consumption, highlighting sustainable transport initiatives. The study recommends ASEAN prioritize FDI in critical minerals, bolster domestic capabilities, and develop infrastructure to support EV adoption and sustainable transport.

Existing literature generally supports a positive, linear correlation between natural resources and economic development. However, the potential relationship between mineral resource abundance and digital economy has received scant attention. This study aims to investigate this relationship by empirically examining a sample of 30 Chinese provinces from 2012 to 2021. The findings reveal an inverted U-shaped association between mineral resource abundance and digital economy, with an inflection point at 25%. Moreover, the influence of mineral resource abundance on the development of the digital economy is more pronounced under conditions characterized by elevated levels of marketization, stringent environmental regulations, and increased openness to international trade. Additionally, the presence of digital government governance weakens the inverted U-shaped relationship between mineral resource abundance and digital economy development. Spatial analysis further uncovers a positive relationship between natural resource abundance and digital economic development, particularly in the southeastern provinces of China. Moreover, natural resource abundance demonstrates a general upward trend across all provinces over time, further emphasizing its significant role in promoting digital economic development.

Resources Policy is a leading international journal in the field of economics and policy issues related to mineral and fossil fuel extraction, production, and use. The journal was created in 1974 and in 2024 celebrates its 50th anniversary. Motivated by this special event, this paper presents a bibliometric overview of the leading trends of the journal during its first half-century of existence. This paper analyses Resources Policy's publication and citation structure using the Web of Science Core Collection and examines various aspects, including the most cited documents, productive authors, institutions, countries, and popular keywords, and topics. The paper also develops a graphical visualization of the bibliographic data using the Visualization of Similarities (VOS) viewer software. This approach utilises various bibliometric techniques, including bibliographic coupling, co-citation, and co-occurrence of keywords. The results demonstrate a significant expansion of the journal over the past five years and highlight its global profile, with publications from around the world. Currently, Chinese researchers are the most productive, due to a significant increase in their contributions over the last five years.

The mineral industry plays a role in structural transformations in southeastern Pará, Eastern Amazonia, where large projects in this sector are located. This study analyzes aspects of the social perception of mining from image and reputation concepts in the Amazonian context. This paper aimed to examine the role of socioeconomic, political, and historical variables on social perception. It focused on four dimensions - economic, environmental, relationship and image, and general dimensions in Parauapebas and Canaã dos Carajás cities. The methodology consisted of the application in April of 2018 of questionnaires in a stratified sample of 960 and 349 randomly selected households in each of those cities, respectively. We employed the PCA/factor analysis method to examine whether a set of variables is relevant to social perception. The study found that the mining industry is a partner – not an intruder – because its beginning coincided with the social and historical formation of the territory. Perceptions of image and reputation were positive. Interviewee education, age, income, Whatsapp and Facebook usage, having a formal job, belonging to a union and a political party, occupation, and time of arrival are the main factors for social perception of mining. Despite their significantly negative opinion concerning mining's environmental impact, most interviewees pointed out that mining is reliable, friendly, transparent, and involved with the municipalities' problems. Our work fills a gap in growing literature that shows the challenges of companies, governments, and civil society in contemplating the dynamic aspects of mining for effective planning aiming at the social sustainability of mining regions.

Precious metals are an essential component of asset class within the global financial market offering diverse benefits. Being significant store of value, they are immune to default risk, provide hedge against inflation and are deemed to be safe haven. This highlights the importance of precious metals in the broader context of financial and economic stability. This paper focuses on the S&P Precious Metal Index (PMI) to explore its resilience towards financial market risks and examines if it could offer effective hedge during crises. Using Markov Regime Switching model, we find significant volatility persistence in PMI returns undermining its suitability for dynamic hedging. However, absence of speculative trends makes the PMI a safe asset. Further, financial market stress, as revealed by estimated Component GARCH and Discrete Threshold Models, does not affect the unique and market risk of investing in PMI. Although we could not establish PMI as a strong safe haven or a zero-beta asset, its potential to be included in a risk-avert investor's portfolio cannot be negated. Its consistently low and stress-invariant time-varying beta safeguards wealth against losses. The role of PMI becomes particularly salient while considering portfolio optimization during crises. In recent years, particularly during and after the pandemic the hedging effectiveness of PMI has increased. There is, however, a point of concern. The market risk of PMI is explained mostly by its lagged values rather than exogenous factors like market stress. Given the endogenous nature of market risks, chaotic dynamics might be in operation making forecasting and regulating PMI prices difficult.

Climate change is the most pressing issue confronting every nation in this new century. Account for the SDGs (SDG) is to combat climate change and its effects as soon as possible. There is an immediate need to determine how financial technology (FinTech) influences sustainable development in light of the present global climate. Historically, times of plenty of natural resources have been associated with better economic growth, a phenomenon known as the resource curse avoided. On the other hand, the G20 countries also possess vast untapped potential in environmentally friendly renewable energy sources. Carbon dioxide (CO2) emissions from 2010 to 2022 are analyzed in this research using monetary technology, organic resources, and government stability (GOS). Additionally, we consider the impact of urbanization, renewable energy use, and GDP per capita on carbon dioxide (CO2) emissions. The research utilizes a variety of approaches in its analysis, including ADF and DF-GLS, among Padroni and Kao's PP unit root tests cointegration, FMOLS, and DOLS. This research utilizes panel quantile regression to examine the effects of variables and the vital PMG-ARDL test checks. Based on the findings, carbon emissions might be reduced with a one-unit increase in the usage of renewable energy sources, advancements in financial technology, conservation of natural resources, and political stability. Carbon emissions are positively affected by urbanization and GDP per capita. In light of these results, we urge the Group of Twenty (G20) nations to make renewable energy consumption and creating environmentally friendly financial products their top priorities in the fight for the SDGs.