Green growth: Intellectual property conflicts and prospects in the extraction of natural resources for sustainable development

Abstract

Considering the global issues of resource depletion and climate change, the need for sustainable development is more significant than ever. This study focuses on China and examines the complex dynamics of green growth and natural resource exploitation through the prism of intellectual property conflicts and prospects to strike a balance between sustainable development and economic growth from 2000 to 2020. Advanced econometric techniques are essential to this research, such as the Cross-sectional Augmented Dickey-Fuller (CADF) test, the Cross-sectional Im, Pesaran, and Shin (CIPS) test, and the Cross-sectionally Augmented Distributed Lag (CS-ARDL) model. The study clarifies how important it is for intellectual property rights to spur innovation in environmentally friendly resource extraction techniques. It also evaluates the impact of taxes on the energy sector on China's energy transition rate, weighing the need for economic growth against environmental protection. This study thoroughly explains the opportunities and challenges related to intellectual property in green growth. It also offers important insights and strategies for academics, industry stakeholders, and policymakers who navigate the intricate landscape of sustainable resource exploitation.