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Strategic mineral policies for Indonesia: Enhancing global competitiveness, economic growth, and environmental sustainability through innovation and renewable energy

  • Chengzhang Zou
  • , Weizhen Gao*
  • , Fengyi Ai
  • *Corresponding author for this work
  • China University of Petroleum - Beijing
  • Shandong Institute of Petroleum and Chemical Technology
  • People's Friendship University of Russia

Research output: Contribution to journalArticlepeer-review

Abstract

The ability to meet the increasing demand for those commodities is owed to Indonesia's mineral resources, which are now and, in the future, when environmental issues must be tackled. This research explores the relationship between resource exports and economic growth emission control in Indonesia from 1991 to 2021 within the 18 renewable energy countries. Employing the Poisson Pseudo Maximum Likelihood approach, it is identified that technological innovation and economic growth in the importing country affect emissions in Indonesia. Still, income growth poses a threat to Indonesia. At the same time, domestic income development presents some difficulties. Crucially, it emerged that crude oil and mineral prices were not linked to Green House Gas emissions. The analysis shows that variations in crude oil and minerals prices have negligible impact on Green House Gas emissions. Recommendations are to encourage the processing of value-added minerals and innovation in Indonesia for continued economy and enhancement of the sustainable mining system. Investigating the effect of mineral pricing on stable economic and environmental conditions is recommended for further research; the Indonesian geopolitical role in the green economy is presented.

Original languageEnglish
Article number122593
JournalRenewable Energy
Volume244
DOIs
Publication statusPublished - May 2025
Externally publishedYes

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

  1. SDG 7 - Affordable and Clean Energy
    SDG 7 Affordable and Clean Energy
  2. SDG 8 - Decent Work and Economic Growth
    SDG 8 Decent Work and Economic Growth

Keywords

  • Economic growth
  • Environmental sustainability
  • Greenhouse gas reduction
  • Renewable energy
  • Sustainable economic development

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