Estimation of green mining GDP for 40 countries

Mining is an important economic activity and a source of fiscal resources in many countries. However, its contribution to GDP does not reflect the depletion of non‐renewable natural resources and the environmental damage caused. For this reason, methodologies have emerged that allow correcting the t...

Full description

Saved in:
Bibliographic Details
Published in:Natural resources forum 2024-08, Vol.48 (3), p.715-742
Main Author: Mardones, Cristian
Format: Article
Language:English
Subjects:
Air pollution
Capital
Comparative studies
Damage
Depletion
Economic activity
Environmental degradation
Environmental factors
externalities
GDP
green GDP
Gross Domestic Product
Mining
natural capital depletion
Natural resources
Renewable resources
sustainability
Valuation
Citations: Items that this one cites
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:Mining is an important economic activity and a source of fiscal resources in many countries. However, its contribution to GDP does not reflect the depletion of non‐renewable natural resources and the environmental damage caused. For this reason, methodologies have emerged that allow correcting the traditional GDP through the so‐called green GDP. The main objective of this study is to use the same method, data from the same source, and economic valuation of the same components to compare the green GDP among countries and its evolution over time. Specifically, the green mining GDP (in millions of dollars for the year 2014) is estimated for 40 countries, valuing the depreciation of natural capital and the environmental damage associated with global and local air pollutants emissions. The results show that the green mining GDP represents only 24.4% of the mining GDP in all the countries studied from 2000 to 2014. However, the indicator is quite heterogeneous among countries and years analyzed. For example, 25 countries have had a positive green mining GDP in all years, and 10 countries have achieved it in recent years. Thus, it is concluded that there is ample space to develop more sustainable mining in many countries.
ISSN:0165-0203
1477-8947
DOI:10.1111/1477-8947.12336