A systematic framework for compilation of critical raw material lists and their importance for South Africa

Resources Policy, Journal Year: 2024, Volume and Issue: 93, P. 105045 - 105045

Published: May 7, 2024

Mineral resources are important contributors to the global economy and societal wellbeing. Directly, they provide employment, revenue taxes through extraction, processing sale of minerals. Indirectly, essential all modern industries, including: energy, manufacturing, construction, biotic abiotic resource extraction agriculture. The principle that 'one cannot understand value what have until measure it' is particularly relevant with critical raw materials (CRMs). CRM a concept categorises select (mainly minerals metals) as in sense that, at national level, difficult replace, their supply prone disruption. It becoming increasingly recognised continuity civilisation living standards some envisioned them future constrained by quality quantity various National-level strategic planning, including energy policy, foreign relations geopolitical operations, defence, education infrastructure among others, require knowledge requirement towards practical implementation. Hence, framework for prosperous, productive stable future. To effectively manage use CRMs, it comprehend both formal (e.g., economic) informal social environmental) values, monitor these values over time. This study examines international practices methodologies components comprehensive framework. We then propose prototype South Africa such currently missing. All frameworks feature one or more rating schemes identify degree criticality materials. actual metrics divided into dimensions (or factors), as: socio-economic importance, technological environmental, governance risks. Such due following reasons. •Delineating from non-criticality: rank-ordering CRMs based on factors, country can which ones most its economy, industry security. information help policymakers prioritise development domestic production secure CRMs. •Assessing sustainability stability: ethical assess areas improvement. develop strategies mitigate depletion, chain disruption, minimise negative environmental impacts, promote responsible management. •Supporting informed decision-making: an ordered ranking provides quantitative qualitative governmental bodies, other stakeholders support decision-making, planning. make choices about sources types use. •Promoting transparency accountability: adopting suitable business dimensions, corporate responsibility framework, enables accountability chains. approach reduce illicit financial flows, corruption, abuse power, while increasing trust confidence sector. •Innovation investment opportunities: nation establish policy conditions foster innovation key activities measuring, monitoring, sustainability, extracting, processing, efficient Findings this underscores necessity struc tured complexities management, economic ground, sustainability. Integrating policies enable sustainable, economically viable, environmentally initiatives impor tant security, industrial structural transformation, stability, well aligning sourcing climate change.

Language: Английский

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Rare earth permanent magnets for the green energy transition: Bottlenecks, current developments and cleaner production solutions

Resources Conservation and Recycling, Journal Year: 2024, Volume and Issue: 212, P. 107966 - 107966

Published: Oct. 17, 2024

Language: Английский

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Are Fossil Fuels Superior to Floating Photovoltaic on Energy Return?- an LCEA Perspective

Smart Grids and Sustainable Energy, Journal Year: 2024, Volume and Issue: 9(2)

Published: June 28, 2024

Language: Английский

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Emerging membrane technologies for sustainable lithium extraction from brines and leachates: Innovations, challenges, and industrial scalability

Desalination, Journal Year: 2024, Volume and Issue: 598, P. 118411 - 118411

Published: Dec. 11, 2024

Language: Английский

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The nexus among geopolitical risk, metal prices, and global supply chain pressure: Evidence from the TVP-SV-VAR approach

Economic Analysis and Policy, Journal Year: 2025, Volume and Issue: unknown

Published: Feb. 1, 2025

Language: Английский

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Advancement approach IV: Can energy structure transition facilitate the green trade growth in China?

Elsevier eBooks, Journal Year: 2025, Volume and Issue: unknown, P. 197 - 219

Published: Jan. 1, 2025

Language: Английский

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Green digital finance and energy transition: Considering the differentiating role of regional policy uncertainty

Economic Analysis and Policy, Journal Year: 2025, Volume and Issue: unknown

Published: March 1, 2025

Language: Английский

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From abundant resource to critical commodity: Forecasting manganese supply and assessing its sustainability

Sustainable materials and technologies, Journal Year: 2025, Volume and Issue: unknown, P. e01349 - e01349

Published: March 1, 2025

Language: Английский

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Mineral Prospectivity Modeling of Graphite Deposits and Occurrences in Canada

Natural Resources Research, Journal Year: 2025, Volume and Issue: unknown

Published: March 26, 2025

Language: Английский

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Uncertainty Quantification of Microblock-Based Resource Models and Sequencing of Sampling

Natural Resources Research, Journal Year: 2025, Volume and Issue: unknown

Published: March 28, 2025

Language: Английский

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