Intermediating effect of mineral resources on renewable energy amidst globalization, financial development, and technological progress: Evidence from globe based on income-groups

Qiang Wang, Xinchen Cheng, Ugur Korkut Pata, Rongrong Li and Mustafa Tevfik Kartal

Resources Policy, 2024, vol. 90, issue C

Abstract: All parties have taken a much closer look at the critical impact of renewable energy (RE) consumption in reducing climate-related anthropogenic problems. Although mineral resources play an important role in stimulating RE due to their use in the installation of RE capacity, the role of mineral resources has not received more attention. In view of this, the study examines the intermediating role of mineral resource (MR) use on RE for 119 countries from 1996 to 2019 using globalization (GI), financial development (FD), technological progress (TI), industrial structure upgrade (IS), and applying the ARDL approach. The outcomes indicate that (i) FD has a negative effect on RE in high-income countries, while mineral extraction and technological progress promote RE; (ii) in middle-income countries, FD promotes RE, while GI and MR constrain the development of RE; (iii) the interaction between MR and FD is negative, suggesting that MR may limit the positive effect of financialization on RE. Thus, the outcomes highlight that MR and FD have a global effect on RE. Therefore, policymakers should consider MR and FD as important factors in supporting the transition to clean energy.

Keywords: Mineral extraction; Renewable energy; Technological innovation; Financial development; Global sample; Panel ARDL (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)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S030142072400165X
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:90:y:2024:i:c:s030142072400165x

DOI: 10.1016/j.resourpol.2024.104798

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 ().