Combining natural resources to drive technology and efficiency for a greener economic recovery

Abstract

In order to promote environmental awareness and a sustainable and effective economic recovery, this study examines the complementary effects of technology and natural resources. We employed the Modified Mean Group (MMG) technique to evaluate data collected from 2000 through 2022 to arrive at our empirical results. Advanced technology combined with renewable energy sources, including wind and solar electricity, may transform the industry and spur economic development. The study highlights case studies where technology improves resource utilization efficiency and highlights the critical role that innovation plays in sustainably using natural resources. A greener economic recovery that minimizes ecological damage and promotes a circular economy is achieved by combining these aspects. The research also looks at the frameworks for policy that encourage the combination of technology and natural resources, highlighting the need for industry, government, and community cooperation.