Combining the management of natural resources with the management of environmental resources: Modeling the impact of high-tech and ICT service export

Abstract

The sustainable development of nations highly depends on the management of natural resources and their environment. Based on the above, we can establish that there is a practical solution the incorporation of natural resources and environmental management in the export sector of high-tech and ICT services working for sustainable development. The high-tech and ICT sectors, using technology and new business models, can solve many issues in the natural resources and environmental sectors. This paper examines Combining the management of natural resources with the management of environmental resources in China from 1990 to 2022 in the light of renewable energy consumption and ICT service exports as control variables. This study reveals that renewable energy consumption is positively associated with the management of natural resources and ICT service exports are positively related to the management of environmental resources. The implications of these results are the necessity for the co-management of natural and environmental resources in China and the opportunities for leading technologies to improve environmental management practices. One of the greatest troubles that climate change has brought is the production of natural resources. Policymakers can integrate natural resource management with exports of high-tech and ICT services to develop novel solutions to mitigate the effects of climate change, including creating early warning systems, disaster management technologies, and climate-smart agriculture. Also, policymakers can make more informed decisions and enforce impactful policies to achieve sustainable development goals through modeling and simulation.