At the initiative of experts from the BRICS Youth Energy Agency (IEA BRICS), by the end of 2023, with the support of the UN Economic Commission for Europe (UNECE), the first international Guide on Managing Critical Mineral Resources Defining the Global Energy Transition will be developed.
The decision was made at the April 28 meeting of the Young Experts Group on Resource Management of the United Nations Economic Commission for Europe's Committee on Sustainable Energy (UNECE, unece.org).
The Group met during the annual Sustainable Resource Management Week held in Geneva at the UNECE site on April 25-28 (unece.org/sustainable-energy/events/unece-resource-management-week-2023).
According to the International Energy Agency (IEA, www.iea.org), the technology for clean energy generation systems is significantly different from systems operating on traditional hydrocarbon resources. Minerals such as copper, lithium, nickel, cobalt and rare earths are essential components in many of today’s rapidly growing clean energy technologies – from wind turbines and electricity networks to electric vehicles. Therefore, the availability of these mineral resources is critical to the global energy transition. The IEA Global Report on this topic is available at www.iea.org/reports/the-role-of-critical-minerals-in-clean-energy-transitions.
According to Fatih Birol, Executive Director of the International Energy Agency, “... the data shows a looming mismatch between the world’s strengthened climate ambitions and the availability of critical minerals that are essential to realising those ambitions”.
"The demand for such resources will grow every year and their global importance is constantly increasing, so the topic of effective management of these resources has become central to the annual UNECE Resource Management Week in Geneva. We are very pleased that our proposal has met with the support of the international expert community, and the Guide on Managing Critical Mineral Resources Defining the Global Energy Transition will be created before the end of the year,” says Vadim Kuznetsov, a member of the UNECE Young Expert Group on Resource Management and Director of Climate and Sustainable Development Programs at the IEA BRICS. "About 40 experts from different countries, including the BRICS countries, will take part in the development of this document," he said.
FOR INFORMATION ONLY:
Global energy transition — significant structural change in the global energy system, during which the share of new environmentally friendly and carbon-neutral energy sources increases in total energy consumption and gradually replaces old sources that produced electricity by burning hydrocarbon fossil fuels, which led to significant carbon dioxide emissions.
BRICS (short for Brazil, Russia, India, China, South Africa) — interstate association of five states: Brazil, Russia, India, China and South Africa. The organization was founded in June 2006, within the framework of the St. Petersburg Economic Forum with the participation of the Ministers of Economy of Brazil, Russia, India, China.
BRICS Youth Energy Agency (yeabrics.org ) — BRICS International Youth Energy Cooperation Institute, which develops projects in the field of energy, climate and sustainable development.