 Evaluating carbon tax impact on natural resource extraction in developing regions: Implicating green recoveryPanpan Du and Qiliang Li Resources Policy, 2024, vol. 89, issue C Abstract: This study investigates the impact of carbon taxes on fossil fuel extraction in 13 Asian developing economies from 2000 to 2022. The results affirm that a 1% increase in environmental tax revenues correlates with a notable long-term reduction of 0.16% in extraction. Notably, a 1% increase in patent applications reveals an unexpected connection, manifesting as a 0.9% short-term increase and a 0.19% long-term rise in fossil fuel extraction. A 1% increase in green power generation is associated with a short-term reduction of 0.28% and a long-term reduction of 0.32% in fossil fuel extraction. Sustainable utility imports contribute to a decrease in extraction, while urban population growth amplifies it in both the short and long term, highlighting the importance of sustainable urban planning. To promote environmentally friendly fossil fuel extraction, Asian developing economies can implement an effective carbon taxation system that includes standardized carbon reporting, carbon auditing AI systems, and robust big data analysis. Keywords: Natural resource extraction; Green recovery; Carbon taxation system; Fossil fuel deployment; Asian developing countries (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:89:y:2024:i:c:s0301420723012412 DOI: 10.1016/j.resourpol.2023.104530 Access Statistics for this article Resources Policy is currently edited by R. G. Eggert More articles in Resources Policy from Elsevier |
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