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Title The license to mine: Making resource wealth work for those who need it most
ID_Doc 20562
Authors Hagan, AJ; Tost, M; Inderwildi, OR; Hitch, M; Moser, P
Title The license to mine: Making resource wealth work for those who need it most
Year 2021
Published
DOI 10.1016/j.resourpol.2019.101418
Abstract In this concept paper, we will address several critical questions: how can we enhance smart use of precious resources, support environmental sustainability and assist the developing world in their growth process? We put forward a policy framework that can potentially address these three questions and in addition could represent a critical step towards a circular economy eliminating the need for a post-resource discussion. Using precious metals as an example, we present a novel concept that combines policy, business and technological aspects aimed at making efficient use of finite resources and distributing the revenue more evenly. This approach could hence create jobs and eliminate the need of a post-resource discussion for post-industrial economies. Moreover, we will illustrate herein how this approach could be the initial step of the leapfrogging to a post-resource economy with maximized employment. Furthermore, the advance of some emerging technologies, such as block chain and associated smart contracts could be leveraged to track the primary asset being leased. We also note the broader impact on sustainability and economics with the implications of such a model in driving a circular economy, encouraging GDP growth, addressing resource "scarcity" and on the environment.
Author Keywords Mining; License; Index; Governance; Sustainability policy; Leasing of metals; Circular economy; Block chain; Smart contracts
Index Keywords Index Keywords
Document Type Other
Open Access Open Access
Source Social Science Citation Index (SSCI)
EID WOS:000736868100010
WoS Category Environmental Studies
Research Area Environmental Sciences & Ecology
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