Role of essential minerals in achieving low-carbon economy and sustainability

Weiqing Sun, Mingqi Shao and Dongqing Yang

Resources Policy, 2024, vol. 90, issue C

Abstract: This study comprehensively analyzes the impact of metallic and non-metallic mineral production on the Sustainable Development Index (SDI) within the Regional Comprehensive Economic Partnership (RCEP) countries from 1995 to 2020. Both metallic and non-metallic mineral production are found to adversely affect sustainable development, with metallic minerals posing a greater threat. The research highlights the environmental risks associated with techniques like open-pit mining. Furthermore, an inverse relationship between health expenditure and sustainable development suggests potential resource diversion from critical sectors. On the other hand, a positive correlation is identified between income per capita and sustainable development, emphasizing economic prosperity's significance. The study recommends practical policies for the RCEP, emphasizing the adoption of greener technologies, financial inclusion, expansion of the green finance market, and the promotion of sustainable corporate management in mineral industries.

Keywords: Mineral resources; Metallic resource production; Non-metallic resource market; Sustainable development; RCEP region; Panel data (search for similar items in EconPapers)
JEL-codes: C33 F15 L72 O13 Q32 (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:90:y:2024:i:c:s0301420724000837

DOI: 10.1016/j.resourpol.2024.104716

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