How economic development promotes the sustainability targets? Role of natural resources utilization

Rongxin Zhang, Ahmad Ibrahim Aljumah, Wafa Ghardallou, Zeyun Li, Jinhua Li and Javier Cifuentes-Faura

Resources Policy, 2023, vol. 85, issue PA

Abstract: Economic growth is essential to accomplishing sustainability goals. It is still being determined how natural resource consumption affects this connection. This study examines how natural resource exploitation links economic growth to sustainability goals. This research examines economic growth, natural resource use, and sustainability goals. We use the Generalized Method of Moments (GMM) model to explore China from 2009 to 2021. The GMM model examines how natural resource exploitation affects sustainability metrics, including greenhouse gas emissions, renewable energy uptake, and environmental quality. Technological advances, clean technology investment, and legislative frameworks also affect economic growth. This research illuminates the intricate link between economic growth, natural resource usage, and sustainability objectives. The findings emphasize the need for natural resource management for sustainable economic development and environmental protection. Understanding how natural resource consumption promotes sustainability may inform policy choices and assist in building solutions that boost economic growth while protecting the environment. This research adds empirical information on the relationship between China's economic development, natural resources, and sustainability objectives. This study helps policymakers, academics, and practitioners promote sustainable development and meet sustainability goals by explaining how natural resource consumption influences sustainability.

Keywords: Natural resources utilization; Economic development; Carbon emission; Sustainable development; GMM model. (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:85:y:2023:i:pa:s0301420723007092

DOI: 10.1016/j.resourpol.2023.103998

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