Assessment of impacts of green technology and innovation on sustainable mineral resource production

Wei Wang, Dongsheng Liu, Lifeng Chen, Meizhe Song and Jiaqi Xu

Resources Policy, 2024, vol. 90, issue C

Abstract: This study, employing the System-GMM estimation method, investigates the influence of importing green technological components on ferrous metal production in 22 Asian and 20 European countries from 2000 to 2021. The results reveal a substantial decline of 0.35 % and 0.21 % in ferrous metal production in response to a 1 % increase in green technological component imports in Asian and European nations. A positive correlation between GDP growth and ferrous metal production is observed, indicating significant increases of 0.63 % and 0.32 % in Asian and European countries. Additionally, heightened electricity consumption is linked to a notable surge of 0.42 % and 0.19 % in Asian and European nations, reflecting industrial growth. Foreign Direct Investment emerges as a motivating factor for ferrous metal production, emphasizing the need for environmentally aligned green FDI. The study concludes with actionable policy recommendations, including prioritizing green technologies, enforcing environmental regulations, integrating economic growth with sustainability, transitioning to renewable energy sources, stabilizing commodity prices, and promoting green FDI.

Keywords: Sustainable mineral resource deployment; Ferrous metal production; Green technological components import; Regional comparative analysis (search for similar items in EconPapers)
JEL-codes: F18 L61 L72 Q32 R11 (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:90:y:2024:i:c:s0301420724001375

DOI: 10.1016/j.resourpol.2024.104770

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