The China Mail - UN experts call for global system to trace critical minerals

USD -
AED 3.673042
AFN 65.000368
ALL 81.503989
AMD 360.340403
ANG 1.789785
AOA 918.000367
ARS 1544.046724
AUD 1.454757
AWG 1.8
AZN 1.70397
BAM 1.75029
BBD 2.013844
BDT 124.537437
BGN 1.747831
BHD 0.37735
BIF 3010
BMD 1
BND 1.281347
BOB 11.99429
BRL 5.504904
BSD 0.999897
BTN 93.858629
BWP 13.774679
BYN 2.994523
BYR 19600
BZD 2.011053
CAD 1.41135
CDF 2320.000362
CHF 0.820469
CLF 0.02484
CLP 977.630396
CNY 6.676504
CNH 6.67282
COP 3251.53
CRC 453.465426
CUC 1
CUP 23.998962
CVE 99.403894
CZK 21.83445
DJF 177.720393
DKK 6.708504
DOP 60.750393
DZD 136.38704
EGP 53.769786
ERN 15
ETB 161.203874
EUR 0.896804
FJD 2.25525
FKP 0.741654
GBP 0.748671
GEL 2.59504
GGP 0.741654
GHS 11.68504
GIP 0.741654
GMD 74.503851
GNF 8857.503848
GTQ 7.64085
GYD 209.627114
HKD 7.84215
HNL 27.07504
HRK 6.76901
HTG 131.052321
HUF 326.000354
IDR 18108.5
ILS 3.18593
IMP 0.741654
INR 94.04725
IQD 1514
IRR 1891353.000352
ISK 122.790386
JEP 0.741654
JMD 158.687685
JOD 0.70904
JPY 158.50504
KES 129.950385
KGS 87.447804
KHR 4080.00035
KMF 442.00035
KPW 899.999961
KRW 1363.803789
KWD 0.31098
KYD 0.833408
KZT 448.201333
LAK 22505.000349
LBP 89550.000349
LKR 332.502562
LRD 170.303772
LSL 16.560381
LTL 2.95274
LVL 0.60489
LYD 6.430381
MAD 9.757504
MDL 17.8737
MGA 4595.000347
MKD 55.203803
MMK 2099.952938
MNT 3601.972253
MOP 8.072028
MRU 40.250379
MUR 47.030378
MVR 15.403739
MWK 1737.000345
MXN 18.62534
MYR 4.061504
MZN 63.903729
NAD 16.560377
NGN 1347.210377
NIO 36.610377
NOK 9.459904
NPR 150.173627
NZD 1.803102
OMR 0.384144
PAB 0.999964
PEN 3.442504
PGK 4.492039
PHP 63.108038
PKR 276.625038
PLN 3.94555
PYG 6249.384815
QAR 3.643038
RON 4.792204
RSD 105.586038
RUB 81.925564
RWF 1475
SAR 3.754695
SBD 8.048583
SCR 14.018084
SDG 601.503676
SEK 9.894504
SGD 1.282604
SHP 0.748923
SLE 22.950371
SLL 20969.504398
SOS 571.503662
SRD 37.583504
STD 20697.981008
STN 22.275
SVC 8.748764
SYP 13001.999685
SZL 16.560369
THB 33.550369
TJS 9.224126
TMT 3.5
TND 2.985504
TOP 2.40776
TRY 50.141304
TTD 6.780829
TWD 32.775304
TZS 2642.503628
UAH 45.297
UGX 4089.81484
UYU 40.226773
UZS 12000.000334
VES 896.316404
VND 25582.5
VUV 119.513361
WST 2.778515
XAF 588.264929
XAG 0.019249
XAU 0.00024594347
XCD 2.70255
XCG 1.801976
XDR 0.707052
XOF 588.264929
XPF 107.450363
YER 236.625037
ZAR 16.51847
ZMK 9001.203584
ZMW 20.318702
ZWL 321.999592
SSP 5745.196153
MXV 2.095424
  • RYCEF

    0.4000

    19.71

    +2.03%

  • CMSC

    0.0000

    20.4

    0%

  • BTI

    0.4200

    56.05

    +0.75%

  • BP

    0.2800

    44.43

    +0.63%

  • RBGPF

    1.6000

    67

    +2.39%

  • RIO

    -0.1500

    94.41

    -0.16%

  • AZN

    -0.4300

    166.15

    -0.26%

  • GSK

    0.4600

    49.7

    +0.93%

  • BCE

    -0.4100

    20.56

    -1.99%

  • NGG

    -0.2500

    75.24

    -0.33%

  • VOD

    -0.0400

    16.58

    -0.24%

  • RELX

    -0.4500

    33.07

    -1.36%

  • BCC

    -0.5500

    76.59

    -0.72%

  • CMSD

    -0.0300

    20.27

    -0.15%

  • JRI

    -0.2500

    10.77

    -2.32%

UN experts call for global system to trace critical minerals
UN experts call for global system to trace critical minerals / Photo: © AFP

UN experts call for global system to trace critical minerals

UN experts called Wednesday for the creation of a global system to trace the extraction and production of critical minerals that are needed in the transition away from fossil fuels.

Text size:

The massive effort to develop renewable energy, essential in the fight against climate change, requires minerals and metals such as copper, cadmium, nickel and lithium, necessary for electric vehicle batteries, solar panels and more.

Demand for such materials will quadruple by 2040 as nations race to limit global warming to +1.5 degrees Celsius, the International Energy Agency (IEA) has estimated.

The experts -- representatives from non-governmental organizations and various countries' mining and environment ministries -- are part of a UN committee set up in April by Secretary-General Antonio Guterres to draw up guardrails in the face of the looming energy revolution.

"We established the panel in response to calls from developing countries, amid signs that the energy transition could reproduce and amplify inequalities of the past," Guterres said Wednesday.

He asked the panel to share its recommendations with UN member states ahead of November's COP29 in Baku, Azerbaijan.

"We will bring the UN system together to support implementation of the panel's work, safeguarding and advancing human rights, including the rights of Indigenous Peoples, across the critical minerals value chain," Guterres said.

- Africa 'bleeding' -

In a report released Wednesday, the committee put forward seven guiding principles.

They include: putting human rights at the heart of the production chain; protecting the integrity of the planet; and ensuring that benefits are shared.

"The essence of this report is to inspire care and caution to avoid the mistakes of the past, where we are already seeing conflict generated by the scramble for these resources, particularly in my continent that is bleeding," said co-chair Joyce Mxakato-Diseko of South Africa.

More concretely, the experts, citing disparate existing initiatives, recommended the establishment of "global traceability, transparency and accountability framework along the entire mineral value chain -– from mining to recycling."

They called for the system to provide an independent assessment of the environmental and social performance of companies involved in the trade -- for example, their respect for human and labor rights, levels of corruption, level of greenhouse gas emissions, and so on.

They also suggested the creation of a global fund, financed by governments and companies, to fund the aftermath of mining operations -- particularly land rehabilitation and support for local communities.

And, with the IEA fearing global supplies of such minerals are running out, the UN experts also called for investment in innovation and recycling to reduce the quantities needed.

The NGO coalition Climate Action Network, represented on the committee, welcomed the report.

But there "is still a long way to go in making these principles a reality," its director, Tasneem Essop, said in a statement.

Too often, "production of these minerals leaves a toxic cloud in its wake: pollution; wounded communities, childhoods lost to labor and sometimes dying in their work," Guterres said when he announced the committee in April.

Developing countries and communities have also not reaped the benefits of their production, he said, adding: "This must change."

C.Fong--ThChM