Md. Monirul Islam , Kazi Sohag , Suleiman O. Mamman , Heyvon Herdhayinta
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引用次数: 0
Abstract
The captivating surge of energy transitions in the major industrialized nations has elevated the global demand for critical minerals. The demand pattern has enabled mineral-abundant emerging economies like Indonesia to enter the international market by exporting mineral goods. Accordingly, we investigate the Indonesian mineral export supply's response to the renewable energy production of the 18 clean energy-generating countries, considering crude oil and mineral prices, exchange rates, and economic growth of the resource and importer countries from 1990 to 2020. In doing so, we apply the Poisson Pseudo-maximum Likelihood (PPML) approach to measuring the panel gravity model for mineral exports in Indonesia. As a result, we observe a significant response of Indonesia's mineral export supply to the renewable energy generation of the 18 mineral importing countries. Besides, mineral and crude oil prices are insignificant, whereas the importer countries' exchange rates and income growth positively influence Indonesia's mineral export growth. However, Indonesia's income factor negatively affects its mineral export supply. Finally, we validate our results using an alternative estimator, the Driscoll-Kraay robust standard error estimation technique. Therefore, our findings suggest implementing Indonesia's existing mineral policy to produce finished mineral goods to materialize the worldwide vision of energy transitions toward a crossroad of net-zero emissions by the middle of the current century.
Geoscience frontiersEarth and Planetary Sciences-General Earth and Planetary Sciences
CiteScore
17.80
自引率
3.40%
发文量
147
审稿时长
35 days
期刊介绍:
Geoscience Frontiers (GSF) is the Journal of China University of Geosciences (Beijing) and Peking University. It publishes peer-reviewed research articles and reviews in interdisciplinary fields of Earth and Planetary Sciences. GSF covers various research areas including petrology and geochemistry, lithospheric architecture and mantle dynamics, global tectonics, economic geology and fuel exploration, geophysics, stratigraphy and paleontology, environmental and engineering geology, astrogeology, and the nexus of resources-energy-emissions-climate under Sustainable Development Goals. The journal aims to bridge innovative, provocative, and challenging concepts and models in these fields, providing insights on correlations and evolution.