 Can green energy expansion develop the mineral resource market in East Asia?Hongchao Ma and Haonan Zhang Resources Policy, 2024, vol. 90, issue C Abstract: The mineral resource market is a contentious subject, recognized for its positive impact on economic growth but marred by adverse environmental consequences. This study investigates the influence of various green energy resources on fossil fuel consumption in East Asian countries spanning from 2000 to 2022. Employing the ARDL technique, the empirical findings underscore the transformative potential of solar energy, revealing a significant and enduring reduction in fossil fuel consumption with a mere 1 % increase. Similar positive correlations are evident for wind and hydro energy, their impact more pronounced over the long term. The study recommends prioritizing solar, wind, and hydro energy deployment. Policy implications advocate for the widespread adoption of solar technologies, emphasis on wind and hydro energy, development of a robust green bonds market for financing green projects, and the removal of trade barriers for green utilities and components among East Asian countries. Keywords: Mineral resource market; Fossil fuels consumption; Green deployment; Green recovery context; East Asia (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:90:y:2024:i:c:s030142072400093x DOI: 10.1016/j.resourpol.2024.104726 Access Statistics for this article Resources Policy is currently edited by R. G. Eggert More articles in Resources Policy from Elsevier |
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