Pub Date : 2024-09-02DOI: 10.1016/j.resourpol.2024.105285
This study analyzes data from the Sovereign ESG Data Portal to assess how macroeconomic factors influence ESG (Environmental, Social, and Governance) investments in the fossil fuels extraction sector across G7 countries from 2005 to 2022. Using the PMG-ARDL technique, findings reveal that a 1% rise in income inequality leads to a 0.14% decrease in ESG investment in the short term and 0.43% in the long term. Conversely, a 1% increase in household spending on education results in a 0.12% short-term and 0.16% long-term boost in ESG investment. Economic growth does not significantly affect ESG investment, likely due to the sector's profit-driven nature. Additionally, a 1% increase in industry value decreases ESG investment, while better governance practices enhance it. The study suggests that policies focusing on improving governance, reducing inequality, and increasing education spending are crucial for promoting sustainable investments.
{"title":"COP28 targets for mobilizing private investment in fossil fuels extraction industry to cope with the climate change","authors":"","doi":"10.1016/j.resourpol.2024.105285","DOIUrl":"10.1016/j.resourpol.2024.105285","url":null,"abstract":"<div><p>This study analyzes data from the Sovereign ESG Data Portal to assess how macroeconomic factors influence ESG (Environmental, Social, and Governance) investments in the fossil fuels extraction sector across G7 countries from 2005 to 2022. Using the PMG-ARDL technique, findings reveal that a 1% rise in income inequality leads to a 0.14% decrease in ESG investment in the short term and 0.43% in the long term. Conversely, a 1% increase in household spending on education results in a 0.12% short-term and 0.16% long-term boost in ESG investment. Economic growth does not significantly affect ESG investment, likely due to the sector's profit-driven nature. Additionally, a 1% increase in industry value decreases ESG investment, while better governance practices enhance it. The study suggests that policies focusing on improving governance, reducing inequality, and increasing education spending are crucial for promoting sustainable investments.</p></div>","PeriodicalId":20970,"journal":{"name":"Resources Policy","volume":null,"pages":null},"PeriodicalIF":10.2,"publicationDate":"2024-09-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142122184","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 : 2024-09-02DOI: 10.1016/j.resourpol.2024.105284
Iron ore is an important industrial raw material, and its production and consumption have a significant impact on the world economy. As resource demand increases, competition among iron ore importing countries has intensified. To investigate the global iron ore competition landscape through the competition intensity among importing countries and to study the iron ore competition groups and key competition modes from a local perspective, this paper constructs the iron ore import competition intensity network (IOCIN) by employing the network decreasing-mode and resource allocation process (RAP). The empirical results are as follows. First, competition intensity is unevenly distributed. The unevenness of competition intensity eases slightly, and the IOCINs become tighter over time. Second, the composition of the community is unstable, and the competition groups show geographic dispersion. Third, unidirectional competition with an overwhelming advantage on one side is a common relationship in the global iron ore market. At the same time, a relatively stable bilateral competition pattern has promoted the evolution of the global iron ore competitive landscape. The value of this study includes not only the improvement of the method but also practical strategic recommendations for rational competition and resource allocation optimization among countries.
{"title":"Detecting the local characteristics from the iron ore import competition intensity among nations: A network-based resource allocation process method","authors":"","doi":"10.1016/j.resourpol.2024.105284","DOIUrl":"10.1016/j.resourpol.2024.105284","url":null,"abstract":"<div><p>Iron ore is an important industrial raw material, and its production and consumption have a significant impact on the world economy. As resource demand increases, competition among iron ore importing countries has intensified. To investigate the global iron ore competition landscape through the competition intensity among importing countries and to study the iron ore competition groups and key competition modes from a local perspective, this paper constructs the iron ore import competition intensity network (IOCIN) by employing the network decreasing-mode and resource allocation process (RAP). The empirical results are as follows. First, competition intensity is unevenly distributed. The unevenness of competition intensity eases slightly, and the IOCINs become tighter over time. Second, the composition of the community is unstable, and the competition groups show geographic dispersion. Third, unidirectional competition with an overwhelming advantage on one side is a common relationship in the global iron ore market. At the same time, a relatively stable bilateral competition pattern has promoted the evolution of the global iron ore competitive landscape. The value of this study includes not only the improvement of the method but also practical strategic recommendations for rational competition and resource allocation optimization among countries.</p></div>","PeriodicalId":20970,"journal":{"name":"Resources Policy","volume":null,"pages":null},"PeriodicalIF":10.2,"publicationDate":"2024-09-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142129345","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 : 2024-09-01DOI: 10.1016/j.resourpol.2024.105292
The Skouries gold mining dispute in Greece has been a significant contention for several years. This study explores how individuals, either supportive or critical of mining, have strategically positioned themselves in discourse to safeguard their influence and control over potential risks. These strategic actions have included visible measures, such as campaigns carried out by institutions and grassroots organizations, and plans that have been expressed but not yet implemented. These tactics have given rise to divergent perspectives within each group. Whenever the mining operation faced a potential threat, the miners would take charge of the tunnels to demonstrate their indispensable connection to their work and its importance within a broader context. On the other hand, local activists, in stark contrast to the miners who relied on the mining company, developed their skills and capabilities, showcasing their resilience in the face of adversity. Despite adhering to a post-Fordist work and labor conditions model, these activists have a strong attachment to their location but were compelled to consider relocating. The research illustrates how opposing parties collaboratively generate disputes over natural resources through their strategic use of language and communication.
{"title":"The impact of conflicts in the mining industry: A case study of a gold mining dispute in Greece","authors":"","doi":"10.1016/j.resourpol.2024.105292","DOIUrl":"10.1016/j.resourpol.2024.105292","url":null,"abstract":"<div><p>The Skouries gold mining dispute in Greece has been a significant contention for several years. This study explores how individuals, either supportive or critical of mining, have strategically positioned themselves in discourse to safeguard their influence and control over potential risks. These strategic actions have included visible measures, such as campaigns carried out by institutions and grassroots organizations, and plans that have been expressed but not yet implemented. These tactics have given rise to divergent perspectives within each group. Whenever the mining operation faced a potential threat, the miners would take charge of the tunnels to demonstrate their indispensable connection to their work and its importance within a broader context. On the other hand, local activists, in stark contrast to the miners who relied on the mining company, developed their skills and capabilities, showcasing their resilience in the face of adversity. Despite adhering to a post-Fordist work and labor conditions model, these activists have a strong attachment to their location but were compelled to consider relocating. The research illustrates how opposing parties collaboratively generate disputes over natural resources through their strategic use of language and communication.</p></div>","PeriodicalId":20970,"journal":{"name":"Resources Policy","volume":null,"pages":null},"PeriodicalIF":10.2,"publicationDate":"2024-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0301420724006597/pdfft?md5=551d6cd4cf1c4bd0687c9c5b1aebecaf&pid=1-s2.0-S0301420724006597-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142117355","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 : 2024-08-31DOI: 10.1016/j.resourpol.2024.105290
China's stringent decarbonisation, marked by an uncompromising coal phaseout, has induced significant ripple effects across the coal industry chain's employment structure. By utilising a composite methodology that integrates the Global Change Assessment Model and Input‒Output Model, this study systematically quantifies the impact on employment, revealing a loss of 1.6 million jobs in mining and 8.2 million in the entire chain. Concurrently, a labour shift to the renewable sector has resulted in an 18.5% increase in employment, equivalent to creating 508,000 new positions from 2017 to 2020. Projections suggest that renewable energy initiatives could address 25% of the employment gap for precision by 2060 under carbon neutrality scenarios. Nonetheless, the coal sector is expected to lose more than 20 million jobs, indicating the need for a 2.3 trillion-yuan compensation fund. This study highlights the need for policy interventions to facilitate labour transitions through comprehensive retraining programs and strategic investments. Promoting economic diversification and clean coal technologies can improve resource utilization and create new jobs. Additionally, repurposing abandoned coal mines into energy storage facilities or renewable energy sites can prevent stranded assets and generate employment. These findings provide a robust framework for addressing the socioeconomic challenges of energy transitions, offering critical insights for other coal-dependent countries aiming for sustainable development.
{"title":"Ripple effects of coal phaseout on employment in China: From mining to coal consumption sectors","authors":"","doi":"10.1016/j.resourpol.2024.105290","DOIUrl":"10.1016/j.resourpol.2024.105290","url":null,"abstract":"<div><p>China's stringent decarbonisation, marked by an uncompromising coal phaseout, has induced significant ripple effects across the coal industry chain's employment structure. By utilising a composite methodology that integrates the Global Change Assessment Model and Input‒Output Model, this study systematically quantifies the impact on employment, revealing a loss of 1.6 million jobs in mining and 8.2 million in the entire chain. Concurrently, a labour shift to the renewable sector has resulted in an 18.5% increase in employment, equivalent to creating 508,000 new positions from 2017 to 2020. Projections suggest that renewable energy initiatives could address 25% of the employment gap for precision by 2060 under carbon neutrality scenarios. Nonetheless, the coal sector is expected to lose more than 20 million jobs, indicating the need for a 2.3 trillion-yuan compensation fund. This study highlights the need for policy interventions to facilitate labour transitions through comprehensive retraining programs and strategic investments. Promoting economic diversification and clean coal technologies can improve resource utilization and create new jobs. Additionally, repurposing abandoned coal mines into energy storage facilities or renewable energy sites can prevent stranded assets and generate employment. These findings provide a robust framework for addressing the socioeconomic challenges of energy transitions, offering critical insights for other coal-dependent countries aiming for sustainable development.</p></div>","PeriodicalId":20970,"journal":{"name":"Resources Policy","volume":null,"pages":null},"PeriodicalIF":10.2,"publicationDate":"2024-08-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142096888","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 : 2024-08-31DOI: 10.1016/j.resourpol.2024.105278
The EU transition to green economy and digital transformation plays a crucial role in achieving sustainable development with direct interest in allocating the necessary financial resources. In this framework, the aim of this paper is to evaluate the impact of e-government and natural resources rents on financial and human development as proxies for sustainable development. The analysis conducted for the period 2008–2022 revealed the role of economic growth and e-government in supporting the sustainable development in the EU. However, natural resources rent negatively impacted human development and only coal rents enhanced financial development in the old EU member states. The results could support the new EU policies to achieve sustainable development by an efficient use of natural resources and by implementing digitalization for public services.
{"title":"The role of natural resources rents and e-government in achieving sustainable development in the European Union","authors":"","doi":"10.1016/j.resourpol.2024.105278","DOIUrl":"10.1016/j.resourpol.2024.105278","url":null,"abstract":"<div><p>The EU transition to green economy and digital transformation plays a crucial role in achieving sustainable development with direct interest in allocating the necessary financial resources. In this framework, the aim of this paper is to evaluate the impact of e-government and natural resources rents on financial and human development as proxies for sustainable development. The analysis conducted for the period 2008–2022 revealed the role of economic growth and e-government in supporting the sustainable development in the EU. However, natural resources rent negatively impacted human development and only coal rents enhanced financial development in the old EU member states. The results could support the new EU policies to achieve sustainable development by an efficient use of natural resources and by implementing digitalization for public services.</p></div>","PeriodicalId":20970,"journal":{"name":"Resources Policy","volume":null,"pages":null},"PeriodicalIF":10.2,"publicationDate":"2024-08-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142096886","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 : 2024-08-30DOI: 10.1016/j.resourpol.2024.105264
The escalating concerns about ecological sustainability have made the consumption of resources a crucial global issue. The speedy growth of the economy is heavily reliant on excessive consumption of resources, which significantly contributes to the imbalance between biodiversity and ecological footprint, resulting in a decrease in the carrying capacity. Both researchers and policymakers strive to enhance the amount of financial capital in the present time while ensuring that the country's economic growth remains unaffected. The primary objective of this study is to analyze the impact of green energy, financial technology (FinTech), and environmental regulations on enhancing the environmental sustainability of resource-rich countries from 1992 to 2022. To address problems with cross-sectional dependency and slope heterogeneity, this study employs the CS- ARDL model. The long-term results indicate that the reliance on income from natural resources decreased the load capacity factor. However, the load capacity factor was improved by shifting to green energy, adopting fintech, and implementing environmental regulations. The utilization of the AMG and CCEMG estimate procedures enhances the validity of the research findings. These findings provide essential policy recommendations for all stakeholder involved.
{"title":"Pathways to sustainability: Evaluating the impact of green energy, natural resources, FinTech, and environmental policies in resource-abundant countries","authors":"","doi":"10.1016/j.resourpol.2024.105264","DOIUrl":"10.1016/j.resourpol.2024.105264","url":null,"abstract":"<div><p>The escalating concerns about ecological sustainability have made the consumption of resources a crucial global issue. The speedy growth of the economy is heavily reliant on excessive consumption of resources, which significantly contributes to the imbalance between biodiversity and ecological footprint, resulting in a decrease in the carrying capacity. Both researchers and policymakers strive to enhance the amount of financial capital in the present time while ensuring that the country's economic growth remains unaffected. The primary objective of this study is to analyze the impact of green energy, financial technology (FinTech), and environmental regulations on enhancing the environmental sustainability of resource-rich countries from 1992 to 2022. To address problems with cross-sectional dependency and slope heterogeneity, this study employs the CS- ARDL model. The long-term results indicate that the reliance on income from natural resources decreased the load capacity factor. However, the load capacity factor was improved by shifting to green energy, adopting fintech, and implementing environmental regulations. The utilization of the AMG and CCEMG estimate procedures enhances the validity of the research findings. These findings provide essential policy recommendations for all stakeholder involved.</p></div>","PeriodicalId":20970,"journal":{"name":"Resources Policy","volume":null,"pages":null},"PeriodicalIF":10.2,"publicationDate":"2024-08-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142096887","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 : 2024-08-28DOI: 10.1016/j.resourpol.2024.105187
This study delves into the intricate dynamics of green transformation within global mining and other process industries, focusing on production, distribution, and capacity planning under the framework of the Asian Mineral Vision. By addressing sustainability, resource efficiency, and cost reduction, the research highlights the multifaceted challenges faced by industry participants in achieving green objectives. In addition to financial efficiency, the study emphasizes the importance of customer service quality and responsiveness. To tackle these challenges, we propose a novel multiobjective mixed-integer linear programming (MILP) approach. The model incorporates key goals such as minimizing total cost, total flow time, and total missed sales, reflecting the interconnected nature of financial efficiency, operational agility, and customer satisfaction. To further enhance the model's flexibility, we integrate discrete strategies for plant capacity expansion, recognizing the crucial role of capacity management in responding to evolving demand dynamics. The multiobjective optimization problem is addressed using the lexicographic minimax technique and the ε-constraint method. A comprehensive numerical example illustrates the practical relevance and effectiveness of our proposed model and solution methods, providing valuable insights into improving the resilience and performance of green supply chain networks in the process industry.
{"title":"Optimization of production, distribution, natural resources and capacity planning throughout process sector worldwide supply chains with various goals","authors":"","doi":"10.1016/j.resourpol.2024.105187","DOIUrl":"10.1016/j.resourpol.2024.105187","url":null,"abstract":"<div><p>This study delves into the intricate dynamics of green transformation within global mining and other process industries, focusing on production, distribution, and capacity planning under the framework of the Asian Mineral Vision. By addressing sustainability, resource efficiency, and cost reduction, the research highlights the multifaceted challenges faced by industry participants in achieving green objectives. In addition to financial efficiency, the study emphasizes the importance of customer service quality and responsiveness. To tackle these challenges, we propose a novel multiobjective mixed-integer linear programming (MILP) approach. The model incorporates key goals such as minimizing total cost, total flow time, and total missed sales, reflecting the interconnected nature of financial efficiency, operational agility, and customer satisfaction. To further enhance the model's flexibility, we integrate discrete strategies for plant capacity expansion, recognizing the crucial role of capacity management in responding to evolving demand dynamics. The multiobjective optimization problem is addressed using the lexicographic minimax technique and the ε-constraint method. A comprehensive numerical example illustrates the practical relevance and effectiveness of our proposed model and solution methods, providing valuable insights into improving the resilience and performance of green supply chain networks in the process industry.</p></div>","PeriodicalId":20970,"journal":{"name":"Resources Policy","volume":null,"pages":null},"PeriodicalIF":10.2,"publicationDate":"2024-08-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142087780","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 : 2024-08-27DOI: 10.1016/j.resourpol.2024.105280
In recent times, ecological sustainability has become a pertinent area of interest for policy stakeholders in emerging nations. The BRICS nations are five nations that have significantly contributed to the world's GDP and play a significant role in the environmental policy arena. The ongoing research has confabulated the interconnections among three pertinent economic policy variables, i.e., NTR, FNT, and ECX, on SGR in five selected nations. The research has used the most rigorous method, MMQR, for the empirical outcomes. The empirical outcomes elucidate that ECX and ENT are essential sources to augment SGR. In contrast, NTR is one of the most prominent factors escalating ecological degradation in these nations. The research has provided a few interesting policy insights; for instance, according to the empirical outcomes, environmental taxes can be used to abate CO2 emissions. However, it is recommended that these taxes must be accompanied by green finance and green credit, which ultimately will help the firms and promote green growth. Green growth is an essential tool for boosting SGR in the chosen nations. Furthermore, the chosen nation must focus on strategies that promote the sustainable use of NTR for a cleaner and greener tomorrow.
{"title":"The role of natural resources, fintech and economic complexity in sustainable development for BRICS nations: A policy insight from advanced panel data techniques","authors":"","doi":"10.1016/j.resourpol.2024.105280","DOIUrl":"10.1016/j.resourpol.2024.105280","url":null,"abstract":"<div><p>In recent times, ecological sustainability has become a pertinent area of interest for policy stakeholders in emerging nations. The BRICS nations are five nations that have significantly contributed to the world's GDP and play a significant role in the environmental policy arena. The ongoing research has confabulated the interconnections among three pertinent economic policy variables, i.e., NTR, FNT, and ECX, on SGR in five selected nations. The research has used the most rigorous method, MMQR, for the empirical outcomes. The empirical outcomes elucidate that ECX and ENT are essential sources to augment SGR. In contrast, NTR is one of the most prominent factors escalating ecological degradation in these nations. The research has provided a few interesting policy insights; for instance, according to the empirical outcomes, environmental taxes can be used to abate CO2 emissions. However, it is recommended that these taxes must be accompanied by green finance and green credit, which ultimately will help the firms and promote green growth. Green growth is an essential tool for boosting SGR in the chosen nations. Furthermore, the chosen nation must focus on strategies that promote the sustainable use of NTR for a cleaner and greener tomorrow.</p></div>","PeriodicalId":20970,"journal":{"name":"Resources Policy","volume":null,"pages":null},"PeriodicalIF":10.2,"publicationDate":"2024-08-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142083948","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 : 2024-08-26DOI: 10.1016/j.resourpol.2024.105248
Since the establishment of the Extractive Industries Transparency Initiative (EITI), many resource-rich countries have joined international transparency initiatives. Considering that resource-rich countries have historically preferred opacity, this trend is surprising. Once a country joins the EITI, the country reports on its revenues, contracts, and licenses related to natural resources. The disclosure of information on resource revenues could threaten the survival of the leadership in less transparent democratic and autocratic regimes. In the face of the threats posed by enhanced transparency, these countries maintain their EITI membership, but for what reason? Using newly released data, this study argues that countries participate in international transparency initiatives to signal a favorable economic environment to international investors. This study demonstrates that under the self-reporting mechanism, investors reward or punish a country according to the level of its EITI membership. Based on an empirical analysis of 128 countries using two-stage least squares regression and the instrumental variable estimation in order to deal with selection bias and endogeneity (2002–2015), this study finds that joining in the EITI has a stronger positive effect on the inflow of foreign direct in-vestment (FDI) in less transparent countries, than in more transparent ones.
{"title":"Transparency, institutions, and investment: The case of the extractive industries transparency initiative (EITI)","authors":"","doi":"10.1016/j.resourpol.2024.105248","DOIUrl":"10.1016/j.resourpol.2024.105248","url":null,"abstract":"<div><p>Since the establishment of the Extractive Industries Transparency Initiative (EITI), many resource-rich countries have joined international transparency initiatives. Considering that resource-rich countries have historically preferred opacity, this trend is surprising. Once a country joins the EITI, the country reports on its revenues, contracts, and licenses related to natural resources. The disclosure of information on resource revenues could threaten the survival of the leadership in less transparent democratic and autocratic regimes. In the face of the threats posed by enhanced transparency, these countries maintain their EITI membership, but for what reason? Using newly released data, this study argues that countries participate in international transparency initiatives to signal a favorable economic environment to international investors. This study demonstrates that under the self-reporting mechanism, investors reward or punish a country according to the level of its EITI membership. Based on an empirical analysis of 128 countries using two-stage least squares regression and the instrumental variable estimation in order to deal with selection bias and endogeneity (2002–2015), this study finds that joining in the EITI has a stronger positive effect on the inflow of foreign direct in-vestment (FDI) in less transparent countries, than in more transparent ones.</p></div>","PeriodicalId":20970,"journal":{"name":"Resources Policy","volume":null,"pages":null},"PeriodicalIF":10.2,"publicationDate":"2024-08-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142076875","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 : 2024-08-26DOI: 10.1016/j.resourpol.2024.105275
The term "green growth" signifies an approach toward growth that promotes environmental sustainability and economic prosperity by supporting the preservation of natural resources, energy conservation, environmentally conscious farming, and waste disposal. It aims to distinguish economic prosperity from the destruction of the environment. Similarly, the core focus of the present study is to illustrate the impact of environmental policy, fintech, green technologies, and natural resources on carbon dioxide emissions and green growth in China over a specific twenty-one-year period covering 2000 to 2021. The study objectively analyzes the effects of environmental policy, natural resources, fintech, and green technologies on CO2 emissions and green growth employing the QARDL method. By confirming the empirical outcomes, the research analyzes the reliability of the methodology. The green growth and CO2 emissions models yield distinct results about statistically significant quantile ranges and coefficient magnitudes, as demonstrated by the research's findings. Natural resources support escalating CO2 emissions, whereas environmental policy, green technologies, and finance tend to lessen the detrimental effects. Concerning these results, policy experts should concentrate on green growth to facilitate the inclusion of green energy into the banking sector while reaching the zero-carbon objective by 2050.
{"title":"Shades of sustainability: Decoding the influence of fintech, natural resources and green ICT on CO2 emissions and green growth in China","authors":"","doi":"10.1016/j.resourpol.2024.105275","DOIUrl":"10.1016/j.resourpol.2024.105275","url":null,"abstract":"<div><p>The term \"green growth\" signifies an approach toward growth that promotes environmental sustainability and economic prosperity by supporting the preservation of natural resources, energy conservation, environmentally conscious farming, and waste disposal. It aims to distinguish economic prosperity from the destruction of the environment. Similarly, the core focus of the present study is to illustrate the impact of environmental policy, fintech, green technologies, and natural resources on carbon dioxide emissions and green growth in China over a specific twenty-one-year period covering 2000 to 2021. The study objectively analyzes the effects of environmental policy, natural resources, fintech, and green technologies on CO2 emissions and green growth employing the QARDL method. By confirming the empirical outcomes, the research analyzes the reliability of the methodology. The green growth and CO2 emissions models yield distinct results about statistically significant quantile ranges and coefficient magnitudes, as demonstrated by the research's findings. Natural resources support escalating CO2 emissions, whereas environmental policy, green technologies, and finance tend to lessen the detrimental effects. Concerning these results, policy experts should concentrate on green growth to facilitate the inclusion of green energy into the banking sector while reaching the zero-carbon objective by 2050.</p></div>","PeriodicalId":20970,"journal":{"name":"Resources Policy","volume":null,"pages":null},"PeriodicalIF":10.2,"publicationDate":"2024-08-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142076577","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}