{"title":"Natural resource rent, green finance, and CO2 emissions from the industrial sector","authors":"Henian Zhu , Mengya Chen , Songnian Zhao","doi":"10.1016/j.resourpol.2024.105370","DOIUrl":null,"url":null,"abstract":"<div><div>This study investigates the effect of natural resource rents and green finance on industrial sustainability in 20 OECD countries from 2010 to 2020, using the CCEMG-ARDL approach. Findings reveal that a 1% increase in green finance reduces CO<sub>2</sub> emissions by 0.43% in the short term and 0.27% in the long term, highlighting its role in supporting environmentally friendly investments. In contrast, a 1% rise in fossil fuel rents increases CO<sub>2</sub> emissions by 0.29% short-term and 0.05% long-term, showing the pollutive impact of fossil fuel profits. Additionally, a 1% increase in electricity usage raises CO<sub>2</sub> emissions by 0.41% short-term and 0.16% long-term, stressing the need for cleaner energy. Industry-specific patents show limited alignment with sustainability goals. Policy measures should target resource rent management, boost green finance, and encourage sustainable practices to promote industrial greening.</div></div>","PeriodicalId":20970,"journal":{"name":"Resources Policy","volume":"98 ","pages":"Article 105370"},"PeriodicalIF":10.2000,"publicationDate":"2024-10-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Resources Policy","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0301420724007372","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"0","JCRName":"ENVIRONMENTAL STUDIES","Score":null,"Total":0}
引用次数: 0
Abstract
This study investigates the effect of natural resource rents and green finance on industrial sustainability in 20 OECD countries from 2010 to 2020, using the CCEMG-ARDL approach. Findings reveal that a 1% increase in green finance reduces CO2 emissions by 0.43% in the short term and 0.27% in the long term, highlighting its role in supporting environmentally friendly investments. In contrast, a 1% rise in fossil fuel rents increases CO2 emissions by 0.29% short-term and 0.05% long-term, showing the pollutive impact of fossil fuel profits. Additionally, a 1% increase in electricity usage raises CO2 emissions by 0.41% short-term and 0.16% long-term, stressing the need for cleaner energy. Industry-specific patents show limited alignment with sustainability goals. Policy measures should target resource rent management, boost green finance, and encourage sustainable practices to promote industrial greening.
期刊介绍:
Resources Policy is an international journal focused on the economics and policy aspects of mineral and fossil fuel extraction, production, and utilization. It targets individuals in academia, government, and industry. The journal seeks original research submissions analyzing public policy, economics, social science, geography, and finance in the fields of mining, non-fuel minerals, energy minerals, fossil fuels, and metals. Mineral economics topics covered include mineral market analysis, price analysis, project evaluation, mining and sustainable development, mineral resource rents, resource curse, mineral wealth and corruption, mineral taxation and regulation, strategic minerals and their supply, and the impact of mineral development on local communities and indigenous populations. The journal specifically excludes papers with agriculture, forestry, or fisheries as their primary focus.