Impact of renewable energy and agriculture on mineral resources rents: Do economic and environmental aspects matter

Abstract

The global shift towards renewable energy and sustainable agricultural practices has gained significant momentum in recent years. This transition has not only been driven by the need to reduce greenhouse gas emissions and combat climate change but also by the potential economic benefits and the conservation of mineral resources. The impact of renewable energy and agriculture on mineral resource rents is a significant issue today. With the increasing concern of global warming, reducing emissions and increasing renewable energy sources is more pressing than ever. As a result, there is growing interest in using renewable energy sources and agricultural practices to replace the traditional use of mineral resources. This paper examines the impact of renewable energy and agriculture productivity on mineral resource rents in China from 1971 to 2019, using economic growth and total greenhouse gas emissions as moderating variables. The result explains that mineral depletion, agriculture value-added, and economic growth are positively associated with natural resources, while fossil fuel energy consumption and CO2 emissions are negatively associated with natural resources. The policy implications of mineral depletion in China are concerning. In order to address the issue, China needs to develop a comprehensive plan that addresses the depletion of mineral resources and its effects on the environment and economy. In particular, developing strategies to reduce the reliance on coal power and to encourage more sustainable energy sources should be a priority. Policies to protect and restore agricultural land and water quality should also be implemented.