Building Resilient and Responsible Critical Minerals Supply Chains for the Clean Energy Transition
DOWNLOAD (1.7 MB)
Publication Type:
Publisher:
Asian Development Bank (ADB)
Publication:
May 2024
This brief outlines how countries should ramp up global supply chains to help capitalize on huge demand for critical minerals as the shift toward clean energy gains pace.
The dramatic shift from fossil fuels to clean energy has put a spotlight on the vital role of minerals and mineral-dependent supply chains in the energy transition. Compared with fossil fuel-based technologies, clean energy technologies are far more mineral-intensive throughout their life cycles.
This brief outlines how countries in Asia and the Pacific should ramp up resilient global supply chains to help capitalize on soaring demand for critical minerals as the shift toward the clean energy transition gains pace. This brief explores how countries can mobilize financing, de-risk investment, and promote domestic value addition. It underscores the need to work with industry partners and raises the idea of a regional financial facility for multilateral support.
Stressing the benefits of regional cooperation, it details how governments can speed up reforms, help bolster manufacturing capabilities, and strengthen environmental standards to start unlocking the region’s economic potential.
