How green finance tools and electric vehicles minerals sustainability are related?
Xuewen Ma,
Liyan Liu and
Dongming Zhang
Resources Policy, 2024, vol. 90, issue C
Abstract:
This study explores the influence of green bonds and green credits on CO2 emissions resulting from the extraction of minerals for Electric Vehicles (EVs) in ten APEC countries. The issuance of green bonds emerges as a significant driver for reducing CO2 emissions, with findings suggesting a noteworthy 0.52% decrease for each 1% increase in green credit. Surprisingly, the positive impact of patent applications points towards a potential deficiency in green innovation within the APEC mining sector. Furthermore, the positive correlation observed between Foreign Direct Investment (FDI), access to electricity, income level, and CO2 emissions highlights the intricate dynamics between economic development and environmental sustainability. Practical policy recommendations are provided, advocating for the promotion of green financial incentives, attraction of green FDI, and encouragement of green innovation to bolster the sustainability of mineral extraction for EVs in APEC countries.
Keywords: EV mineral extraction; Green finance tools; CO2 emissions by EV minerals; APEC (search for similar items in EconPapers)
JEL-codes: G23 G38 O13 P28 Q52 Q58 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:90:y:2024:i:c:s0301420724001661
DOI: 10.1016/j.resourpol.2024.104799
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