Sustainability in the metallic minerals industry: The imperative for carbon accounting - insights from firm-level analysis in China

Wenzhong Yue, Lijun Zhang and Tongxin Li

Resources Policy, 2024, vol. 88, issue C

Abstract: This paper presents an in-depth exploration of critical factors influencing sustainability within China's metallic resource mining sector, examining 100 publicly listed companies within the sector on China's stock exchanges. Using the CS-ARDL technique, the study finds that carbon accounting positively impacts energy expenditure reduction by enhancing transparency on pollution, optimizing resource efficiency, incentivizing energy-efficient technology adoption, and improving market access. Additionally, Information and Communication Technology (ICT) development significantly lowers energy costs in both the short (0.26%) and long term (0.48%) by enabling real-time monitoring, predictive maintenance, automation, and data-driven decision-making. Crucially, Research and Development (R&D) investments reduce energy expenses, with a 1% increase resulting in a 0.16% short-term and 0.36% long-term reduction. Enhanced stock prices correlate with increased energy expenditure, and boosting employment efficiency reduces energy costs. These findings underscore the importance of ICT development, innovation, and comprehensive policy measures in advancing sustainability within China's metallic resource mining companies, aligning with evolving sustainability goals.

Keywords: Metallic mining industry; Carbon accounting; Sustainable development; Energy expenditure management; Firm level analysis; China (search for similar items in EconPapers)
JEL-codes: D22 O13 O53 Q40 Q48 (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:88:y:2024:i:c:s0301420723011054

DOI: 10.1016/j.resourpol.2023.104394

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