Does Geopolitical risk drive natural resources extraction globally? A Case of Global

Zhang, Yi; Zhang, Leilei; Yu, Hao; Tu, Yanhong

doi:10.1016/j.resourpol.2023.103450

Cited by 17 publications

(3 citation statements)

References 49 publications

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“…It is estimated that annual investment in resource extraction worldwide accounts for approx. $1 trillion, with a return on investment of $4 trillion/a (equivalent to 7% of global GDP) [107,108]. The exponential creation of liquidity at very low cost has enabled a steady expansion of these investments worldwide [34,35,51,57], also enabling the required maintenance investments, which account for about 10-15% of national income [5].…”

Section: Why Money Growth Stimulates the Real Economymentioning

confidence: 99%

The macroeconomic money-nature nexus: Are growing money supplies a relevant obstacle on the way to an ecologically sustainable global economy?

Möckel

2024

PLOS Sustain Transform

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Production, consumption and nature depletion have been growing rapidly for more than 300 years, even faster than exponential population growth. A comprehensive understanding of the causes behind this great acceleration is necessary if we are to achieve a sustainability transformation. This paper is intended to draw the attention in the sustainability debate to the amounts of money that have been growing rapidly all over the world. The money supply has not been a main focus so far, since for the economic mainstream it is not a growth driver, as according to the neoclassical view, money growth is largely neutralized by inflation, while for Keynesians it merely follows economic growth. However, the growing money supply means greater liquidity for consumption as well as for investments in production, assets and resource exploitation. An expansion of the money supply is even a prerequisite for a simultaneous increase in investment and consumer spending. At the same time, the expansion in the supply of raw materials, goods and services keeps inflation rates behind money growth globally. The paper aims to identify and illustrate the causalities of how the money supply and the use of natural resources are interconnected by means of economic activities. This money-nature nexus would explain why, due to high money growth rates, both the real economy and the depletion of natural resources and ecosystems continue to increase despite all efficiency improvements and sustainability efforts to date. It should therefore be a realistic fear that without a global limitation of exponential money growth, ecological sustainability cannot be achieved.

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Section: Why Money Growth Stimulates the Real Economymentioning

confidence: 99%

The macroeconomic money-nature nexus: Are growing money supplies a relevant obstacle on the way to an ecologically sustainable global economy?

Möckel

2024

PLOS Sustain Transform

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“…Changes in the layout of the global industrial chain, resource extraction policy, and import and export policy are the inevitable effects of the Russian-Ukraine conflict. The stability of law and order in the special area could minimize geopolitical risks and keep the natural resources stable in the global economy [41]. It is obvious that the Russian-Ukraine conflict and the affected global economic conditions are counterexamples of the doctrine above.…”

Section: The Impact Of the Russia-ukraine Conflict On The Global Econ...mentioning

confidence: 99%

The Impact of War Conflict on Sustainable Shipping: Conference Report

Zhao,

Duan,

Chang

2023

Sustainability

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The Russia–Ukraine conflict has had a significant shock to the global political and economic stable and sustainable order. The various sanctions it has triggered are accelerating changes in the world’s power structure. This paper is a conference report regarding the seminar titled “The One-Year of the Russia-Ukraine Conflict and Global Shipping Safety,” which was held on 25 February 2023 at Dalian Maritime University, China. The seminar made creative discussion surrounding the following topics: the impact of the Russia–Ukraine conflict on the safety and sustainability of shipping, the predictions and impact assessment of geopolitical relations, and sustainable economic development changing under the Russia–Ukraine conflict. Furthermore, this seminar also mentioned the opening of the Arctic shipping route and Arctic shipping safety, the application of ship insurance sanctions, the relationship between the China Railway Express and maritime cargo transportation, the significant relationship between economic sanctions and China’s energy security, and naval and maritime safety. This conference report is relevant because it presents the full picture of the constructive discussion on the impact of the Russia–Ukraine conflict in the seminar and includes a literature review and further discussion surrounding the topic. A broader discussion on this subject matter attracted by this conference report is expected.

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“…The utilization of finite energy resources is a significant contributing factor to the ongoing global conflict between economic expansion and environmental sustainability. The use of fossil fuels in the production of non-renewable energy sources has significant economic and environmental consequences, both in the short-term and long-term (Zhang et al, 2023a). Energy is a distinctive commodity that plays a crucial role in the advancement of economies, enhancing the quality of life, and ultimately addressing fundamental necessities.…”

Section: Graphical Abstract 1 Introductionmentioning

confidence: 99%

Integrating non-renewable energy consumption, geopolitical risks, economic development with the ecological intensity of wellbeing: evidence from quantile regression analysis

Khurshid,

Egbe,

Akram

2024

Front. Energy Res.

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Introduction: This study delves into the intricate relationship between non-renewable energy sources, economic advancement, and the ecological footprint of well-being in Pakistan, spanning the years from 1980 to 2021.Methods: Employing the quantile regression model, we analyzed the co-integrating dynamics among the variables under scrutiny. Non-renewable energy sources were dissected into four distinct components—namely, gas, electricity, and oil consumption—facilitating a granular examination of their impacts.Results and discussion: Our empirical investigations reveal that coal, gas, and electricity consumption exhibit a negative correlation with the ecological footprint of well-being. Conversely, coal consumption and overall energy consumption show a positive association with the ecological footprint of well-being. Additionally, the study underscores the detrimental impact of geopolitical risks on the ecological footprint of well-being. Our findings align with the Environmental Kuznets Curve (EKC) hypothesis, positing that environmental degradation initially surges with economic development, subsequently declining as a nation progresses economically. Consequently, our research advocates for Pakistan’s imperative to prioritize the adoption of renewable energy sources as it traverses its developmental trajectory. This strategic pivot towards renewables, encompassing hydroelectric, wind, and solar energy, not only seeks to curtail environmental degradation but also endeavors to foster a cleaner and safer ecological milieu.

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Does Geopolitical risk drive natural resources extraction globally? A Case of Global

Cited by 17 publications

References 49 publications

The macroeconomic money-nature nexus: Are growing money supplies a relevant obstacle on the way to an ecologically sustainable global economy?

The macroeconomic money-nature nexus: Are growing money supplies a relevant obstacle on the way to an ecologically sustainable global economy?

The Impact of War Conflict on Sustainable Shipping: Conference Report

Integrating non-renewable energy consumption, geopolitical risks, economic development with the ecological intensity of wellbeing: evidence from quantile regression analysis

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