Study of a triple bottom line perspective to reach a sustainable development model for critical minerals using financial development

Cheng Liu, Guanying Dai and Hong Tu

Resources Policy, 2024, vol. 90, issue C

Abstract: This study examines sustainable development in critical minerals extraction within the CEPEA region, focusing on 13 economies. Using the Triple Bottom Line (TBL) framework and CS-ARDL approach, we assess economic, social, and environmental factors. Results indicate a 1% increase in financial development corresponds to a 0.14% and 0.19% short and long-term escalation in CO2 emissions. Similarly, a 1% rise in FDI associates with a 0.17% short-term and a more substantial 0.29% long-term increase in CO2 emissions. Unemployment rates link to reduced emissions, while income levels correlate with elevated emissions due to heightened consumption. Comparative analysis reveals disparate impacts across TBL dimensions, emphasizing the need for nuanced policies. Policymakers are urged to integrate stringent environmental criteria into investments, encourage green FDI, devise targeted social policies, and prioritize waste reduction and clean energy transition for responsible critical minerals extraction in the region.

Keywords: Critical minerals extraction; Minerals sustainability; TBL approach; Panel data (search for similar items in EconPapers)
JEL-codes: C33 M14 Q20 Q32 (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:s0301420724001570

DOI: 10.1016/j.resourpol.2024.104790

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