Fuente: ESI Africa
The Facility will support the sustainable extraction and processing of minerals and metals used in clean energy technologies, such as wind, solar power, and batteries for energy storage and electric vehicles.
It focuses on helping resource-rich developing countries benefit from the increasing demand for minerals and metals, while ensuring the mining sector is managed in a way that minimises the environmental and climate footprint.
The multi-donor trust fund will work with developing countries and emerging economies to implement sustainable and responsible strategies and practices across the mineral value chain.
Partners include the German government and private sector companies, Rio Tinto and Anglo American.
“The World Bank supports a low-carbon transition where mining is climate-smart and value chains are sustainable and green,” said Riccardo Puliti, senior director and head of the energy and extractives global practice at the World Bank.
Puliti added: “Developing countries can play a leading role in this transition: developing strategic minerals in a way that respects communities, ecosystems and the environment. Countries with strategic minerals have a real opportunity to benefit from the global shift to clean energy.”
Promoting climate.smart mining
The Facility evolves out of a World Bank report The Growing Role of Minerals and Metals for a Low-Carbon Future, which found that a low-carbon future will be significantly more mineral intensive than a business as usual scenario.
Global demand for “strategic minerals” such as lithium, graphite and nickel will skyrocket by 965%, 383% and 108% respectively by 2050.
While the growing demand for minerals and metals offers an opportunity for mineral-rich developing countries, it also represents a challenge: without climate-smart mining practices, the negative impacts from mining activities will increase, affecting vulnerable communities and environment.
The Facility will also assist governments to build a robust policy, regulatory and legal framework that promotes climate-smart mining and creates an enabling environment for private capital.
Projetcs may include:
The World Bank is targeting a total investment of $50 million, to be deployed over a 5-year timeframe.
The Facility will focus on activities around four core themes: climate change mitigation; climate change adaptation; reducing material impacts and creating market opportunities, contributing to the decarbonisation and reduction of material impacts along the supply chain of critical minerals needed for clean energy technologies.