A Conceptual Model for the Sustainable Development of the Arctic’s Mineral Resources Considering Current Global Trends: Future Scenarios, Key Actors, and Recommendations

Diana Dmitrieva (), Amina Chanysheva and Victoria Solovyova
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Diana Dmitrieva: Economics, Organization and Management Department, Saint-Petersburg Mining University, 199106 Saint-Petersburg, Russia
Amina Chanysheva: Economics, Organization and Management Department, Saint-Petersburg Mining University, 199106 Saint-Petersburg, Russia
Victoria Solovyova: Economics, Organization and Management Department, Saint-Petersburg Mining University, 199106 Saint-Petersburg, Russia

Resources, 2023, vol. 12, issue 6, 1-28

Abstract: Today, the issues of sustainable development are among the most pressing ones. They are particularly relevant in the context of mineral resource development as operations in this sector always have an impact on the environment and socioeconomic development. Developing the mineral resource base of the Arctic presents a difficult task, as it requires finding a balance between the growing demand in resources and the acute climatic and geopolitical challenges. In view of both the specific features of the region and the pressure caused by various trends and challenges, ensuring the sustainable development of the Arctic’s mineral resource base is highly important. In 2022, the global landscape that consists of sustainable development trends, ESG agendas, and environmental awareness was supplemented by national import substitution policies introduced in many strategic industries, which led to an inevitable increase in demand for mineral resources. This substantiates the importance of the research goal—developing a model for the sustainable development of the Arctic’s mineral resource base that will produce quantitative results and provide key actors with reasonable recommendations for restructuring the priority areas of development.

Keywords: sustainable development; Arctic region; mineral resources; scenarios; trends and tendencies; actors (search for similar items in EconPapers)
JEL-codes: Q1 Q2 Q3 Q4 Q5 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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