Harnessing digitalization to enhance private finance in resource-rich industries

IF 10.2 2区经济学 0 ENVIRONMENTAL STUDIES

Resources Policy Pub Date : 2025-02-01 DOI:10.1016/j.resourpol.2024.105371

Yuyan Lei

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引用次数: 0

Abstract

Private investment, particularly in the fossil fuels industry, plays a crucial role in the sustainability puzzle for many countries. This study investigates the impact of digital innovation on private investment in resource-rich sectors, specifically fossil fuels, using data from 25 high-income countries between 2000 and 2022. The findings of CS-ARDL technique reveal that a 1% increase in the ICT development index leads to a short-term decrease of 0.34% in green deployment but a long-term increase of 0.60% in private investment. Additionally, the relationship between CO2 emissions and private investment in fossil fuels shows a short-term decline of 0.19%, followed by a long-term increase of 0.40%. While foreign direct investment (FDI) initially has a negative effect, it later contributes to technological advancements. Factors such as trade openness and patent registrations also facilitate private investment. The study recommends policies to promote digital technology adoption, public-private partnerships, information sharing, and support for research and development initiatives to drive sustainable investment.

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来源期刊

Resources Policy ENVIRONMENTAL STUDIES-

CiteScore

13.40

自引率

23.50%

发文量

602

审稿时长

69 days

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.