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

In the transition to a low carbon economy, minerals are crucial. The demand for required create and install green energy technology, such as solar panels, wind turbines, electric vehicles, storage, is rising along with it. particular, countries that hold these mineral reserves should be thought of thriving economically from essential resources (such cobalt, lithium, others). This study uses import function analysis look at how major importing countries’ changed in response clean transitions between 2000 2021 selected 14 countries. study, cross-sectional autoregressive distributed lag (CS-ARDL) method was used. Findings show long-term renewable production has largely favorable impact on demand. Additionally, CO2 emissions have negative demands, but intensity exchange rate imports. findings significant ramifications using trade speed up sustainable around world. Therefore, study’s key proposed policy emphasize value while maximizing their use carbon-free energy.