Natural resources extractions and carbon neutrality: The role of geopolitical risk

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60460709%3A41110%2F23%3A94586" target="_blank" >RIV/60460709:41110/23:94586 - isvavai.cz</a>

Result on the web

<a href="https://www.sciencedirect.com/science/article/pii/S030142072300288X" target="_blank" >https://www.sciencedirect.com/science/article/pii/S030142072300288X</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1016/j.resourpol.2023.103577" target="_blank" >10.1016/j.resourpol.2023.103577</a>

Result language

angličtina

Original language name

Natural resources extractions and carbon neutrality: The role of geopolitical risk

Original language description

This research paper examines the linkage between resource rents and environmental sustainability in China by utilizing oil and gas rents to capture resource rents. Chinas rapid economic growth and industrialization have led to severe environmental problems, including air and water pollution, deforestation, and loss of biodiversity. At the same time, China is rich in natural resources, particularly in oil and gas, which contribute significantly to its economy. The study aims to investigate whether there is a significant relationship between resource rents and environmental sustainability in China, and if so, to what extent. To achieve this aim, the study employs a quantile regression approach, using the data from 1988 to 2021. The study further examines the robustness of the results by conducting sensitivity analyses and addressing potential endogeneity issues. The findings indicate that oil and gas rentals have a positive long term effect on CO2 emissions. Changes in gas rentals will have little effect on CO2E in the foreseeable future. Both the short term and long term factors imply that oil and gas rents harm Chinas environmental sustainability. Additionally, the geopolitical risk in China significantly adds to the lowering of CO2E. The policy implications of this studys findings for Chinas academic institutions and research are significant. The results of the study may contribute to the understanding of the relationship between resource rents and environmental sustainability in China, providing insights into the trade offs and synergies between economic development and environmental protection. These findings have important policy implications for China, which is facing significant environmental challenges as it continues to develop its economy and exploit its natural resource endowments. Specifically, policymakers should consider implementing policies to diversify the energy mix away from oil and toward natural gas, promoting energy efficiency and reducing energy consumption, and reducing geopolitical risk to mitigate carbon emissions in China and other countries around the world.

Czech name

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Czech description

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Type

J_imp - Article in a specialist periodical, which is included in the Web of Science database

CEP classification

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OECD FORD branch

50202 - Applied Economics, Econometrics

Project

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Continuities

S - Specificky vyzkum na vysokych skolach

Publication year

2023

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

RESOURCES POLICY

ISSN

0301-4207

e-ISSN

0301-4207

Volume of the periodical

83

Issue of the periodical within the volume

23

Country of publishing house

CZ - CZECH REPUBLIC

Number of pages

8

Pages from-to

1-8

UT code for WoS article

000988916300001

EID of the result in the Scopus database

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