The mining industry as a net beneficiary of a global tax on carbon emissions

Cox, Benjamin; Innis, Sally; Kunz, Nadja C.; Steen, John

doi:10.1038/s43247-022-00346-4

Cited by 45 publications

(22 citation statements)

References 28 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Several papers analyzed in this study have advocated for green fiscal policy as the best strategy to reduce pollution and restore green vegetation in the global ecosystem. Green fiscal policy comprises the imposition of high carbon taxes and other associated tariffs, which will compel industries to shift to more ecologically friendly renewable energies [19]. One item stands out from the effect consequence of this investigation, as seen in Table 6.…”

Section: Resultsmentioning

confidence: 99%

“…Green fiscal policies should take into account cost-effectiveness, environmental needs, suitability and adherence motivations, the capacity to deal with ambiguity and furnish investors with a transparent and reliable pricing mechanism, equity consequences, and organizational and legal capability [18]. According to [19], the implementation of a green fiscal strategy will result in commodities such as coal being subject to tax at more than 150 percent of their present product price due to the severe carbon production, thereby ramping up the switchover to renewable sources of energy. UNEP [20] disclose that, decreasing harmful emissions, numerous toxic waste in the environment and their health consequences will lead to the achievement of many SDGs and their associated objectives.…”

Section: Literature Reviewmentioning

confidence: 99%

See 1 more Smart Citation

Green Fiscal Policy Mechanisms for a Low–Carbon Ecosystem: A Developing Country Assessment

Omodero¹,

Alege²

2022

eer

View full text Add to dashboard Cite

Due to the obvious intensity of carbon footprint in developing nations' vicinity, the United Nations has developed a guidebook that focuses on carbon taxes as one of the solutions to industrial contamination in emerging regions. Green fiscal policy is a major topic of discussion in the public debate over climate change around the universe. This study investigates the influence of fiscal policy measures in reducing carbon emissions in the ecosystem. The analysis spans the years 2000 to 2020 and makes use of World Bank Development Indicators data on CO 2 emissions in million metric tons. The data on tax income are taken from the Federal Inland Revenue Service in billions of Naira, while the data on government investment and debt are derived from the Central Bank of Nigeria Statistical Bulletin. After establishing the adequacy and appropriateness of the datasets and model, the study employs econometric tool of multiple regression approach to examine the effect of fiscal tools on climate change improvement. The results suggest that government funding has a negative intangible impact on climate change mitigation. Further findings reveal that tax income collection is positively irrelevant, however debt has a positive influence on CO 2 emissions reduction. The study strongly suggests government drive for green fiscal policy which should incorporate efficient and cost-effective green-financing options, carbon taxation, environmentally friendly government budgets and investments.

show abstract

Section: Resultsmentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

Green Fiscal Policy Mechanisms for a Low–Carbon Ecosystem: A Developing Country Assessment

Omodero¹,

Alege²

2022

eer

View full text Add to dashboard Cite

show abstract

“…The environment tax is another lever being deployed in some countries, such as the United Kingdom, to drive sustainable behavior (Tangtinthai et al, 2019). Carbon pricing instruments, such as emission trading and carbon tax, have been introduced in many countries to incentivize pro-sustainability behavior (Cox et al, 2022). Efforts are being made to decouple economic growth from environmental degradation and consumption of natural resources in the favor of a circular economy (De Sa and Korinek, 2021).…”

Section: Climate Neutrality Among Supply Chain Membersmentioning

confidence: 99%

Developing climate neutrality among supply chain members in metal and mining industry: natural resource-based view perspective

Sharma,

Singh,

Mishra

et al. 2023

IJLM

View full text Add to dashboard Cite

PurposeThis study aims to address three research questions pertaining to climate neutrality within the supply chain of metal and mining industry: (1) How can an organization implement practices related to climate neutrality in the supply chain? (2) How do members of the supply chain adopt different measures and essential processes to assist an organization in responding to climate change-related concerns? (3) How can the SAP-LAP framework assist in analyzing and proposing solutions to attain climate neutrality?Design/methodology/approachTo address the proposed research questions concerning climate neutrality, this study employs a case study approach utilizing the SAP-LAP (situation, actor, process–learning, action, performance) framework. Within the SAP-LAP framework, adopting a natural resource-based perspective, the study thoroughly examines the intricacies and interactions among existing situations, pertinent actors and processes that impact climate initiatives within a metal and mining company.FindingsThe study's findings suggest that organizations can achieve the objective of climate neutrality by prioritizing resources and capabilities that lead to reduced GHG emissions, lower energy consumption and optimal resource utilization. The study further proposes key elements that significantly influence the pursuit of climate neutrality within enterprises.Research limitations/implicationsThis study is one of the earliest contributions to the development of a holistic understanding of climate neutrality in the supply chain of the metal and mining industry.Practical implicationsThe study will assist practitioners and policymakers in comprehending the present circumstances, actors and processes involved in enterprises' supply networks in order to attain climate neutrality in supply chains, as well as in taking the right steps to enhance performance.Originality/valueThis study presents a climate neutrality model and provides valuable insights into emission management, contributing to the achievement of the climate neutrality objective.

show abstract

“…Although mining has a sizable impact on global CO 2 emissions, this is outweighed by the economic contribution of the sector. Therefore, many studies have recommended for the mineral industry to implement a carbon price (Cox et al 2022;Zhu and Lin 2022).…”

Section: Datamentioning

confidence: 99%

How do strategic mineral resources affect clean energy transition? Cross-sectional autoregressive distributed lag (CS-ARDL) approach

2023

View full text Add to dashboard Cite

In the transition to a low carbon economy, minerals are crucial. The demand for the minerals required to create and install green energy technology, such as solar panels, wind turbines, electric vehicles, and energy storage, is rising along with it. In particular, the countries that hold these mineral reserves should be thought of as thriving economically from the rising demand for essential mineral resources (such as cobalt, lithium, and others). This study uses import demand function analysis to look at how the major mineral importing countries' mineral import demand changed in response to the clean energy transitions between 2000 and 2021 for selected 14 countries. In the study, the cross-sectional autoregressive distributed lag (CS-ARDL) method was used. Findings show that long-term renewable energy production has a largely favorable impact on mineral import demand. Additionally, CO 2 emissions have a long-term negative impact on mineral import demands, but energy intensity and exchange rate are favorable for mineral imports. The findings have significant ramifications for using the mineral trade to speed up the transition to sustainable energy around the world. Therefore, the study's key proposed policy is to emphasize the value of mineral resources in clean energy while maximizing their use in the transition to carbon-free energy.

show abstract

The mining industry as a net beneficiary of a global tax on carbon emissions

Cited by 45 publications

References 28 publications

Green Fiscal Policy Mechanisms for a Low–Carbon Ecosystem: A Developing Country Assessment

Green Fiscal Policy Mechanisms for a Low–Carbon Ecosystem: A Developing Country Assessment

Developing climate neutrality among supply chain members in metal and mining industry: natural resource-based view perspective

How do strategic mineral resources affect clean energy transition? Cross-sectional autoregressive distributed lag (CS-ARDL) approach

Contact Info

Product

Resources

About