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CCSI Critical Minerals Cautionary Piece: Don't Throw Caution to the Wind: In the Green Energy Transition, Not All Critical Minerals Will Be Goldmines

Publication date:

2 020

Source:

CCSI Don’t Throw Caution to the Wind: In the Green Energy Transition, Not All Critical Minerals Will Be Goldmines

Source URL:

CCSI Don’t Throw Caution to the Wind: In the Green Energy Transition, Not All Critical Minerals Will Be Goldmines

Source URL:

http://ccsi.columbia.edu/2020/05/26/dont-throw-caution-to-the-wind-in-the-gre...

Publication type:

Best Practice Guidelines

Publication URL:

Go to resource

Publication URL:

http://ccsi.columbia.edu/files/2020/05/Dont-Throw-Caution-to-the-Wind.pdf

Negotiation stage:

1. Legal & Policy Framework 2. Pre-Negotiation 3. Contract Negotiation 4. Implementation & Monitoring

Sector:

Extractive Industries Mining

Long description:

This short paper is a call for caution when it comes to the decision to extract critical minerals and provides some insights into the decision models needed to factor in the uncertainty generated by the speed of tech developments.

The green energy transition will be exceedingly mineral intensive. Manufacturing solar panels, wind turbine and batteries to power cleaner energies is set to significantly increase the demand for co-called “critical” minerals. Such a forecast prompts high expectations in mineral-rich countries and suggests promising opportunities for developing countries.

However, the projects to increase the primary extraction of critical minerals rest on bullish forecasts and uncertain terrain due to a number of factors explored in the paper that threaten to leave these investments obsolete and economically stranded.

Governments, international actors, and mining advocates seeking to optimize the value of green energy mineral reserve should heed caution when pursuing and promoting the mining of critical minerals. We provide specific recommendations in the paper.

Region:

Africa Asia North & South America Europe Australia

Roadmap references:

Government Policies and Strategies: Assess, Formulate and Reform Sector-Wide Analyses Politiques et stratégies gouvernementales : Évaluer, formuler et réformer Políticas e estratégias governamentais: Avaliação, formulação e reforma Análises abrangentes do setor Государственная политика и стратегия: оценка, формулировка и внесение исправлений Estrategias y políticas de gobierno: evaluar, formular y reformar Análisis de todo el sector

Topics:

Background Reading Development strategies Feasibility Studies Impact Assessments

Categories:

National Development Strategies

Languages:

English