Technological Sovereignty of Extractive Sector and Co-Management of Value Chains: How to Study
Year: 2025
Type: article
Abstract: The article is devoted to identifying the features of ensuring technological sovereignty of the extractive sector. It includes industries focused on the exploration, extraction and processing of natural and mineral resources. In the context of geopolitical competition, ensuring technological sovereignty of the extractive sector is becoming increasingly important due to the importance of critical minerals and metals. They are applied in the transition to a system based on renewable energy sources. A separate issue is the need to compensate opportunity costs for low-income countries dependent on resource extraction and export. It is shown that technological sovereignty is achieved by encouraging domestic R&D, creating a national industrial base for key technologies, and implementing a local content policy to stimulate domestic innovation. In this regard, the capability of both the state and business to jointly control the development and use of critical technologies in individual links of the value chain in extractive industries is of key importance. It is noted that value chains are complex and that their analysis requires consideration of all assets, including equipment, processing plants, rail and port operations. It is concluded that the interaction between the state and business is important in the context of co-management of decision-making processes in the extractive sector to ensure its technological sovereignty.
Source: Journal of Economic Regulation
Language: English
Subfield: Building and Construction
Field: Engineering
Domain: Physical Sciences
Open Access status: diamond
OpenAlex ID: W4415211854