Climate Smart Mining: Minerals for Climate Action
Renewable technologies are going to create a huge demand for minerals. The World Bank is working to mitigate mining’s impact.
Climate Smart Mining: Minerals for Climate Action
Countries are taking steps to decarbonize their economies by using wind, solar, and battery technologies, with an end goal of reducing carbon-emitting fossil fuels from the energy mix.
But this global energy transition also has a trade-off: to cut emissions, more minerals are needed.
Therefore, in order for the transition to renewables to be meaningful and to achieve significant reductions in the Earth’s carbon footprint, mining will have to better mitigate its own environmental and social impacts.
Advocates for renewable technology are not walking blindly into a new energy paradigm without understanding these impacts. A policy and regulatory framework can help governments meet their targets, mitigate, and manage the impacts of the next wave of mineral demand to help the communities most affected by mining.
Today’s infographic comes from the World Bank and it highlights this energy transition, how it will create demand for minerals, and also the Climate Smart Mining building blocks.
Renewable Power and Mineral Demand
In 2017, the World Bank published “The Growing Role of Minerals and Metals for a Low Carbon Future”, which concluded that to build a lower carbon future there will be a substantial increase in demand for several key minerals and metals to manufacture clean energy technologies.
Wind power technology has drastically improved its energy output. By 2025, a 300-meter tall wind turbine could produce about 13 to 15 MW, enough to power a small town. With increased size and energy output comes increased material demand.
A single 3 MW turbine requires:
- 4.7 tons of copper
- 335 tons of steel
- 1,200 tons of concrete
- 2 tons of rare earth elements
- 3 tons of aluminum
In 2017, global renewable capacity was 178 GW of which 54.5% was solar photovoltaic technology (PV). By 2023, it’s expected that this capacity will increase to one terawatt with PV accounting for 57.5% of the mix. PV cells require polymers, aluminum, silicon, glass, silver, and tin.
Everything from your home, your vehicle, and your everyday devices will require battery technology to keep them powered and your life on the move.
Lithium, cobalt, and nickel are at the center of battery technology that will see the greatest explosion in demand in the coming energy transition.
Top Five Minerals for Energy Technologies
Add it all up, and these new sources of demand will translate into a need for more minerals:
|2017 Production||2050 Demand from Energy Technology||Percentage Change (%)|
|Lithium||43 KT||415 KT||965%|
|Cobalt||110 KT||644 KT||585%|
|Graphite||1200 KT||4590 KT||383%|
|Indium||0.72 KT||1.73 KT||241%|
|Vanadium||80 KT||138 KT||173%|
Minimizing Mining’s Impact with Climate Smart Mining
The World Bank’s Climate Smart Mining (CSM) supports the sustainable extraction and processing of minerals and metals to secure supply for clean energy technologies, while also minimizing the environmental and climate footprints throughout the value chain.
The World Bank has established four building blocks to Climate Smart Mining:
- Climate Change Mitigation
- Climate Change Adaptation
- Reducing Material Impacts
- Creating Market Opportunities
Given the foresight into the pending energy revolution, a coordinated global effort early on could give nations a greater chance to mitigate the impacts of mining, avoid haphazard mineral development, and contribute to the improvement of living standards in mineral-rich countries.
The World Bank works closely with the United Nations to ensure that Climate Smart Mining policies will support the 2030 Sustainable Development Goals.
A Sustainable Future
The potential is there for a low carbon economy, but it’s going to require a concerted global effort and sound policies to help guide responsible mineral development.
The mining industry can deliver the minerals for climate action.
The Challenge of Accurate Dosing in THC and CBD Products
Why it’s critical for dosing and labeling to be accurate for cannabis compounds like CBD and THC, and how it can be fixed.
The following content is sponsored by Xanthic Biopharma
The potential of cannabis-derived consumer products seems endless. From food to drink, to skincare and medicine, there are many versatile uses.
However, there’s a significant challenge still facing the industry: it’s tricky to measure the appropriate dosage of cannabis compounds like CBD and THC, for the desired effects to take place.
Barriers to Accurate Dosing
Today, the practice of accurately labeling cannabis dosages faces two main challenges:
- While the FDA will take action against products making misleading health claims, it doesn’t provide clear labeling guidance in general.
- Cannabis laws and regulations also vary from state to state, leading the potential of diminished quality control and mislabeling.
These two facts are exemplified in a recent study, which found that 70% of 84 CBD products sold online were mislabeled.
Why Accurate Dosing is Important
The cannabis industry is rapidly shifting to better suit the needs of the modern individual’s health and lifestyle, making accurate dosing more important than ever before.
That’s why companies like Xanthic Biopharma, who have embraced natural medicine, are committed to developing high quality cannabinoids that are properly labeled with accurate dosages, using patent-pending technology.
With quality testing and accurate dosing, cannabis compounds are on the verge of transforming human health and wellness.
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