The social and environmental complexities of extracting energy transition metals
Социальные и экологические аспекты добычи металлов для энергетического перехода
2020-09-24
SCID: 54.1/eywkm8vr
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energy transition metalsenvironmental, social and governance (ESG) indicatorsglobal composite indicatorslow-carbon energy technologiesmining-related risks
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Abstract (AI)
Environmental, social and governance pressures should feature in future scenario planning about the transition to a low carbon future. As low-carbon energy technologies advance, markets are driving demand for energy transition metals. Increased extraction rates will augment the stress placed on people and the environment in extractive locations. To quantify this stress, we develop a set of global composite environmental, social and governance indicators, and examine mining projects across 20 metal commodities to identify the co-occurrence of environmental, social and governance risk factors. Our findings show that 84% of platinum resources and 70% of cobalt resources are located in high-risk contexts. Reflecting heightened demand, major metals like iron and copper are set to disturb more land. Jurisdictions extracting energy transition metals in low-risk contexts are positioned to develop and maintain safeguards against mining-related social and environmental risk factors.
Key Findings
1
Future low-carbon energy scenarios should incorporate environmental, social, and governance pressures associated with expanded energy-transition metal extraction.
2
High-risk contexts contain 84% of platinum resources and 70% of cobalt resources, indicating substantial exposure to social and environmental risks.
3
Jurisdictions currently extracting energy-transition metals in low-risk contexts are better positioned to establish and maintain safeguards against mining-related social and environmental risks.
4
Rising demand for major metals such as iron and copper is expected to increase the amount of land disturbed by mining.
5
The study develops global composite environmental, social, and governance indicators to quantify stress and identify co-occurring risks across mining projects involving 20 metal commodities.
Research Object
Mining projects and extraction of energy transition metals across global extractive locations
Research Subject
The co-occurrence and spatial distribution of environmental, social, and governance risks associated with metal extraction, including projected land disturbance
Publication Details
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2020-09-24
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