Russian Arctic Mineral Resources Sustainable Development in the Context of Energy Transition, ESG Agenda and Geopolitical Tensions
The Arctic region is well-known as a source of energy and mineral resources. Developing these resources by means of responsible practices could provide the world’s economy with strategically and critically important types of minerals. As a result, the role of the Arctic’s resource potential and the...
Published in: | Energies |
---|---|
Main Authors: | , |
Format: | Article in Journal/Newspaper |
Language: | English |
Published: |
MDPI AG
2023
|
Subjects: | |
Online Access: | https://doi.org/10.3390/en16135145 https://doaj.org/article/cd8883130c0548558d20fe8558b7e123 |
id |
ftdoajarticles:oai:doaj.org/article:cd8883130c0548558d20fe8558b7e123 |
---|---|
record_format |
openpolar |
spelling |
ftdoajarticles:oai:doaj.org/article:cd8883130c0548558d20fe8558b7e123 2023-07-30T04:01:23+02:00 Russian Arctic Mineral Resources Sustainable Development in the Context of Energy Transition, ESG Agenda and Geopolitical Tensions Diana Dmitrieva Victoria Solovyova 2023-07-01T00:00:00Z https://doi.org/10.3390/en16135145 https://doaj.org/article/cd8883130c0548558d20fe8558b7e123 EN eng MDPI AG https://www.mdpi.com/1996-1073/16/13/5145 https://doaj.org/toc/1996-1073 doi:10.3390/en16135145 1996-1073 https://doaj.org/article/cd8883130c0548558d20fe8558b7e123 Energies, Vol 16, Iss 5145, p 5145 (2023) mineral resources Arctic region energy transition trends ESG agenda scenarios Technology T article 2023 ftdoajarticles https://doi.org/10.3390/en16135145 2023-07-16T00:35:12Z The Arctic region is well-known as a source of energy and mineral resources. Developing these resources by means of responsible practices could provide the world’s economy with strategically and critically important types of minerals. As a result, the role of the Arctic’s resource potential and the approaches used to develop it are gradually changing. In current conditions, it is crucial to strike a balance between existing needs and long-term demand for traditional energy sources or critical materials, such as rare and rare-earth minerals. Achieving this balance will result in sustainable growth, meeting ESG agenda targets while considering national security priorities, and devising novel approaches to sustainable project financing. However, there is controversy between existing strategies and plans based on low-carbon development and reality, which creates new macroeconomic and geopolitical obstacles that need to be overcome. The primary goal of this research is to substantiate the necessity of transforming the Russian Arctic’s mineral resource exploration in the context of global and national changes. The article presents a comprehensive analysis of the contemporary trends and tendencies influencing the exploration of the Arctic’s resources, as well as a general vision of the current situation in the energy sector. Research methods include content analysis and synthesis, generalization, decomposition, elements of strategic analysis, planning and forecasting, statistical methods, econometric modeling methods, and scenario planning. An upgraded concept of sustainable development based on six key components is proposed and discussed. Recommendations are provided on how to improve the existing system of long-term planning and forecasting to reduce the high level of macroeconomic and geopolitical uncertainty. The role of Russian Artic resources is determined in light of the shift in resource use. Article in Journal/Newspaper Arctic Directory of Open Access Journals: DOAJ Articles Arctic Energies 16 13 5145 |
institution |
Open Polar |
collection |
Directory of Open Access Journals: DOAJ Articles |
op_collection_id |
ftdoajarticles |
language |
English |
topic |
mineral resources Arctic region energy transition trends ESG agenda scenarios Technology T |
spellingShingle |
mineral resources Arctic region energy transition trends ESG agenda scenarios Technology T Diana Dmitrieva Victoria Solovyova Russian Arctic Mineral Resources Sustainable Development in the Context of Energy Transition, ESG Agenda and Geopolitical Tensions |
topic_facet |
mineral resources Arctic region energy transition trends ESG agenda scenarios Technology T |
description |
The Arctic region is well-known as a source of energy and mineral resources. Developing these resources by means of responsible practices could provide the world’s economy with strategically and critically important types of minerals. As a result, the role of the Arctic’s resource potential and the approaches used to develop it are gradually changing. In current conditions, it is crucial to strike a balance between existing needs and long-term demand for traditional energy sources or critical materials, such as rare and rare-earth minerals. Achieving this balance will result in sustainable growth, meeting ESG agenda targets while considering national security priorities, and devising novel approaches to sustainable project financing. However, there is controversy between existing strategies and plans based on low-carbon development and reality, which creates new macroeconomic and geopolitical obstacles that need to be overcome. The primary goal of this research is to substantiate the necessity of transforming the Russian Arctic’s mineral resource exploration in the context of global and national changes. The article presents a comprehensive analysis of the contemporary trends and tendencies influencing the exploration of the Arctic’s resources, as well as a general vision of the current situation in the energy sector. Research methods include content analysis and synthesis, generalization, decomposition, elements of strategic analysis, planning and forecasting, statistical methods, econometric modeling methods, and scenario planning. An upgraded concept of sustainable development based on six key components is proposed and discussed. Recommendations are provided on how to improve the existing system of long-term planning and forecasting to reduce the high level of macroeconomic and geopolitical uncertainty. The role of Russian Artic resources is determined in light of the shift in resource use. |
format |
Article in Journal/Newspaper |
author |
Diana Dmitrieva Victoria Solovyova |
author_facet |
Diana Dmitrieva Victoria Solovyova |
author_sort |
Diana Dmitrieva |
title |
Russian Arctic Mineral Resources Sustainable Development in the Context of Energy Transition, ESG Agenda and Geopolitical Tensions |
title_short |
Russian Arctic Mineral Resources Sustainable Development in the Context of Energy Transition, ESG Agenda and Geopolitical Tensions |
title_full |
Russian Arctic Mineral Resources Sustainable Development in the Context of Energy Transition, ESG Agenda and Geopolitical Tensions |
title_fullStr |
Russian Arctic Mineral Resources Sustainable Development in the Context of Energy Transition, ESG Agenda and Geopolitical Tensions |
title_full_unstemmed |
Russian Arctic Mineral Resources Sustainable Development in the Context of Energy Transition, ESG Agenda and Geopolitical Tensions |
title_sort |
russian arctic mineral resources sustainable development in the context of energy transition, esg agenda and geopolitical tensions |
publisher |
MDPI AG |
publishDate |
2023 |
url |
https://doi.org/10.3390/en16135145 https://doaj.org/article/cd8883130c0548558d20fe8558b7e123 |
geographic |
Arctic |
geographic_facet |
Arctic |
genre |
Arctic |
genre_facet |
Arctic |
op_source |
Energies, Vol 16, Iss 5145, p 5145 (2023) |
op_relation |
https://www.mdpi.com/1996-1073/16/13/5145 https://doaj.org/toc/1996-1073 doi:10.3390/en16135145 1996-1073 https://doaj.org/article/cd8883130c0548558d20fe8558b7e123 |
op_doi |
https://doi.org/10.3390/en16135145 |
container_title |
Energies |
container_volume |
16 |
container_issue |
13 |
container_start_page |
5145 |
_version_ |
1772812117430239232 |