The Sustainable Development Path of the Gold Exploration and Mining of the Sanshan Island-Jiaojia Belt in Laizhou Bay: A DID-SVAR Approach

Sheng Zhang, Guoxiang Han, Ran Yu, Zuhui Wen, Meng Xu and Yifu Yang
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Sheng Zhang: School of Environment & Natural Resources, Renmin University of China, Beijing 100872, China
Guoxiang Han: State Key Laboratory of Urban and Regional Ecology, Research Centre for Eco-Environmental Sciences, Chinese Academy of Sciences, Beijing 100085, China
Ran Yu: School of Environment & Natural Resources, Renmin University of China, Beijing 100872, China
Zuhui Wen: School of Environment & Natural Resources, Renmin University of China, Beijing 100872, China
Meng Xu: Department of Mathematics, School of Science, Beijing Jiaotong University, Beijing 100044, China
Yifu Yang: School of Environment & Natural Resources, Renmin University of China, Beijing 100872, China

Sustainability, 2021, vol. 13, issue 21, 1-12

Abstract: Gold is a vital strategic resource, and it plays an irreplaceable role in maintaining national financial security, enhancing currency guarantee capabilities, and serving as a country’s last means of payment. Gold plays an essential role in several fields that are vital to sustainable development. In 2020, an ultra-large-scale gold deposit spanning land and sea was discovered in Sanshan Island-Jiaojia Belt, Laizhou Bay, China. Its owner, Shandong Gold Group, also established Sanshan Island as a new ecological mine model. Applying a difference in differences-structural vector autoregression (DID-SVAR) approach, our research found that the whole biodiversity of Laizhou Bay decreased by 0.27% purely due to gold exploration in Sanshan Island-Jiaojia. In the long run, gold mining will have an apparent 2.9% adverse effect on marine products, and fishing for marine products will have a 2.1% adverse effect on marine products themselves.

Keywords: gold mining; marine ecology; smelting pollution; sustainable development goals (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2021
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