Critical energy transition minerals (CETM) such as copper, lithium, nickel, cobalt and rare earth elements are essential components in many of today’s rapidly growing clean energy technologies – from wind turbines and solar panels to electric vehicles and battery storage. Demand for CETM is set to grow by three and a half times by 2030 as the world transitions from fossil fuels to renewable energy in order to reduce global carbon dioxide emissions to net zero by 2050. Without proper management, the increasing demand for CETM risks perpetuating commodity dependence, exacerbating geopolitical tensions and environmental and social challenges, including impacts on livelihoods, the environment, health, human security and human rights, and can undermine efforts towards the energy transition.
- Pages
- 2
- Published in
- Baku, Azerbaijan
