Abstract
The global transition towards sustainable energy sources necessitates a delicate balance between incentivizing domestic mineral inputs and ensuring affordable energy transition. This paper investigates a diverse set of policies aimed at promoting domestic mining and their implications for achieving an affordable energy transition. Through a comprehensive economic framework, we analyze the effects of demand and supply-side policies on import reliance, production costs, and the overall progress of the energy transition. By examining various scenarios and their outcomes, we provide insights into the potential challenges and opportunities associated with designing mineral policies that facilitate both domestic mining growth and affordable clean energy technologies. Our findings highlight the importance of striking a balance between promoting domestic resources and ensuring affordability in the pursuit of a sustainable energy future.
Recommended Citation
Fikru, M. G. (2024). An Economic Framework for Assessing the Impact of Domestic Mining Policies on Affordable Energy Transition. Scientific Reports, 14(1) Nature Research.
The definitive version is available at https://doi.org/10.1038/s41598-024-64535-1
Department(s)
Economics
Publication Status
Open Access
Keywords and Phrases
Critical minerals; Economic models; Electric vehicles; Mining policy; US
International Standard Serial Number (ISSN)
2045-2322
Document Type
Article - Journal
Document Version
Final Version
File Type
text
Language(s)
English
Rights
© 2024 The Authors, All rights reserved.
Creative Commons Licensing
This work is licensed under a Creative Commons Attribution 4.0 License.
Publication Date
01 Dec 2024
PubMed ID
38871795
Comments
Alfred P. Sloan Foundation, Grant G-2023-20975