The EITI launches report on governance and corruption risks for energy transition minerals
The Extractive Industries Transparency Initiative (EITI) today launched a new report, which highlights the relationship between global energy transition objectives and the need for stronger mining sector governance at the national and local level.
The study, undertaken by the Sustainable Minerals Institute of the University of Queensland and funded by USAID, identifies key risk areas in the value chains of minerals needed for low-carbon energy technologies. Spanning across global, transnational, national and subnational levels of mineral governance, these risks are manifold, ranging from environmental impacts and corrupt deals to price shocks and disruptions in global supply chains.
If not addressed, these risks could hinder the sector’s contribution to sustainable development, impede energy security and access, and inhibit the fight against climate change, especially as countries face growing demand for transition minerals. The study provides recommendations on how to mitigate governance risks through policy actions, advocacy, analysis and partnerships.
“The boom-and-bust nature of demand creates an imperative for strengthening governance of mineral value chains, to ensure that the means of production are consistent with the ends to which minerals are used for the benefit of people and the planet,” says Rt Hon. Helen Clark, EITI Board Chair and former Prime Minister of New Zealand, in her foreword to the report.
The report includes:
- Key trends in demand for transition minerals
- Governance risks and opportunities in transition mineral value chains
- Recommendations on strengthening governance of transition mineral value chains for diverse stakeholder groups
- A mapping of transition minerals reserves and production in EITI countries