Multifaceted natural resources and green energy transformation for sustainable industrial development

Climate change is the most phenomenal challenge to humanity,and its roots are intervened with unsustainable industrialization,exercising overexploitation of natural resources.Therefore,the departure from non-renewable to renewables has become inevitable,though thought-provoking.In this respect,we explore how green energy transformation moderates the impacts of multifaceted natural resources on sustainable industrial development in the presence of other covariates involving technological progress,financial development,and economic progress.We compiled data from Group of Seven(G-7)members over the 19952018 period and applied panel quantile regression(PQREG)to capture the effects across varying levels of quantiles of sustainable industrial development.Results revealed a positive role of natural gas rents,while coal,forest,and total natural resource rents contributed adverse implications for sustainable industrial development.However,the green energy transformation proved to be the game changer because it not only directly induced sustainable industrial development improvement but also turned the unfavorable effects of coal,forest,and total natural resources into favorable ones by interacting with those multifaceted natural resources.Technological,financial,and economic progress supported sustainable industrial development in G-7 nations,particularly in members with existing middle and upper scales of sustainable industrial development.These findings are robust enough when subjected to different estimation tools.In light of these outcomes,the interaction between green energy transformation and natural resource policy is inevitably critical to attaining natural resource efficiency for sustainable industrial development.Therefore,it is imperative to establish a close policy coordination between advancing green energy technology and allocating natural resource revenue to achieve sustainable development goals(SDGs),with a particular emphasis on SDG-7 and SDG-13。

Reflection and Study on the Transfer of International Manufacturing Industries and Chinese Sustainable Development

Ever since the 1960s, especially 1980s, under the background of quickening pace of economic globalization and the regional division of labor around the world, the transfer of manufacturing industries among countries and areas gets great momentum and impetus. During 20-plus years in which China has adopted the policy of opening-up and reforming, our country has played an active role in taking part in the transfer of manufacturing industries. It advances the structural change of national manufacturing industries, accelerates national industrialism and promotes the comprehensive development of regional economics. In this paper, the author makes some initial study on the regularity of transfer of International manufacturing industries, discusses the profound impact of such shift on our national resources, environment, economics and society, and also proposes corresponding suggestions on how to implement the strategy of sustainable development in the process of the shift.