Mineral resource Optimization: The Nexus of sustainability, digital transformation, and green finance in OECD economies

Min Zhong, Muhammad Umar, Nawazish Mirza and Adnan Safi

Resources Policy, 2024, vol. 90, issue C

Abstract: In the era of rapid technological advancements and rising environmental concerns, the efficient use of mineral resources can significantly enhance sustainable economic growth and address climate change issues. Therefore, this study examines the role of mineral resources, digital transformation, and green finance for sustainable development in OECD countries. Additionally, this study has taken important variables like renewable energy, imports, exports, and GDP to have a comprehensive overview. Using the method of moment and bootstrap quantile regression analysis, the results indicate that green finance and digital transformation reduce environmental degradation. Natural resources decrease carbon emissions at lower quantiles but increase them at higher levels. The findings indicate that renewable energy and exports decrease carbon emissions, while imports and economic growth increase emissions. This study emphasizes the importance of green finance and digital transformation in guiding OECD countries towards sustainable economic growth that also conserves the environment.

Keywords: Mineral resources optimization; Digital transformation; Green finance; Renewable energy consumption; MMQR (search for similar items in EconPapers)
Date: 2024
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:90:y:2024:i:c:s030142072400196x

DOI: 10.1016/j.resourpol.2024.104829

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