Mineral resource management for a sustainable future: Unraveling the role of energy tax in driving green technologies and environmental quality

Effective mineral resource management balances economic growth with environmental sustainability and ensures long-term resource availability. The effectiveness of energy taxes in achieving carbon reduction has been a subject of considerable debate in sustainable development. Environmental taxation (ERT) is expected to promote decreasing carbon emissions by incentivizing the development of green technical advancements, which are crucial for achieving environmental sustainability. This research expands the current discourse on sustainable theory, specifically examining the influence of green energy, energy taxes, and socioeconomic factors on Chile's greenhouse gas (GHG) emissions. This analysis is based on quarterly data from 1994 to 2021. The nonlinearity test findings were supported using nonlinear approaches, such as quantile-on-quantile regression (QQR), nonparametric quantile causality analysis, and time-varying nonparametric causality evaluation. The QQR study findings indicate that the combination of green technology, green energy, energy taxes, and socioeconomic factors leads to decreased greenhouse gas (GHG) emissions in Chile, as shown across most quantiles. Furthermore, the dynamic nonparametric causality analysis results revealed substantial causative connections between green technology, green energy, energy taxes, and socioeconomic situations at different time intervals and levels of measurement. These findings serve as the basis for initiating policies. •We explored the impact of environmental taxation and green technologies on GHGs emissions.•We also considered the role of green energy and socioeconomic conditions.•We employed series of quantile-based approaches for data from 1994 to 2021 for the case of Chile.•Green technologies and green energy reduce GHGs emission.•Energy taxation reduces GHGs emission.