Sustainable development goals perspective of natural resources: Does it paves the way for renewable sources of energy? A global case study

Xinghua Wang, Chi-Wei Su, Ziru Xue and Xin Xie

Resources Policy, 2023, vol. 86, issue PB

Abstract: The persistent challenge in sustainable development is understanding the correlation between renewable energy consumption and natural resource rents, especially in the context of global economic growth. Existing literature has shed light on the aspects of resource growth and emissions, but the precise relationship between resource rents and renewable energy remains unexplored. This study analyzes global data from 1988 to 2021 using different time series econometric techniques to investigate this relationship. This study analysis reveals a long-term co-integration between renewable energy consumption and variables such as GDP, mineral rents, oil rents, and natural gas rents. The empirical results demonstrate a favorable and statistically significant relationship between economic growth and renewable energy consumption. Moreover, the results indicate that while natural gas and mineral rents negatively affect the sustainability of renewable energy, oil rents appear to have a positive effect on renewable energy consumption. These findings are significant as they suggest that a strategic realignment of how we approach and manage natural resource revenues is required to fully exploit the potential of renewable energy in fostering economic growth and preserving natural resources.

Keywords: Natural resource rents; Renewable energy consumption; GDP; Quantile regression; Sustainable development (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0301420723007869
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:86:y:2023:i:pb:s0301420723007869

DOI: 10.1016/j.resourpol.2023.104075

Access Statistics for this article

Resources Policy is currently edited by R. G. Eggert

More articles in Resources Policy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().