Leveraging the Growth in Demand for Minerals and Metals in the Transition to a Low Carbon Economy
Peer Reviewed
Date issued
Jan 2022
Subject
Energy and Mining;
Electric Battery;
Recycling;
Loan Operation;
Quality Management;
Energy Transition;
Economy;
Green Growth;
Regulation;
Science and Technology;
Debtor Finance
JEL code
Q01 - Sustainable Development;
Q30 - Nonrenewable Resources and Conservation: General;
Q31 - Demand and Supply • Prices;
Q38 - Government Policy;
Q54 - Climate • Natural Disasters and Their Management • Global Warming;
Q56 - Environment and Development • Environment and Trade • Sustainability • Environmental Accounts and Accounting • Environmental Equity • Population Growth
Country
Argentina;
Bolivia;
Brazil;
Chile;
Mexico;
Peru
Category
Technical Notes
This report quantifies the economic opportunity associated with minerals relevant to the transition to a low-carbon economy by examining the growth in demand for these minerals by 2050 based on goals established by different countries. The report highlights that in order to materialize social and economic benefits from the transition without risking the environment, it is necessary to safeguard socio-environmental factors so that mining companies have the necessary social and environmental license to operate and so that the countries of the region can attract more investment that takes advantage of the abundant mineral resources needed in a low-carbon economy. Recommendations are made to maximize the capture of economic benefits related to increased demand for copper, lead, lithium, manganese or zinc which - when properly managed - have the potential to drive development and create prosperity in the region.
