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ECONOMIC LOSS DYNAMICS OF RARE EARTH INDUSTRY ALONG THE YELLOW RIVER: TAKING RENEWABLE ENERGY ACCOUNTING AS AN OBSERVATION INDICATOR
ABSTRACT Qian, A.; Zhu, X., and Wang, F., 2020. Economic loss dynamics of rare earth industry along the Yellow River: Taking renewable energy accounting as an observation indicator. In: Yang, Y.; Mi, C.; Zhao, L., and Lam, S. (eds.), Global Topics and New Trends in Coastal Research: Port, Coastal and Ocean Engineering. Journal of Coastal Research, Special Issue No. 103, pp. 101–106. Coconut Creek (Florida), ISSN 0749-0208. The environmental pollution and ecological destruction caused by the exploitation of raw materials in the renewable energy industry is a neglected topic at present. Poor environmental management is one of the important reasons for the ecological damage of renewable energy projects. Rare earth resources are the main raw materials for renewable energy, and their production and mining mainly take place in China. According to Chinese government, the pollution caused by rare earth was most obvious between 1992 and 2010 and mainly happened in Baotou, which contributed 80% of global rare earth production. Therefore, this paper will combine the development of renewable energy before 2009 to demonstrate the pollution of China’s rare earth mining areas. Based on the Input-Output Table developed by the European Union, by using multi-country input-output model to study the renewable energy consumption. It is found that, in rapid development period of renewable energy, the smaller the gap between global supply and demand, the greater the degree of exploitation in production areas, and the greater the ecological degradation. Based on 2019 IRNEA’s forecast, our paper holds that the global renewable consumption can be used as a more intuitive indicator for the government to evaluate the economic loss level caused by the rare earth industry.
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