BEGIN:VCALENDAR VERSION:2.0 PRODID:unctad.org BEGIN:VEVENT UID:6a9636d4ef70a DTSTART:20241115T073000Z SEQUENCE:0 TRANSP:OPAQUE DTEND:20241115T083000Z LOCATION:Baku\, Azerbaijan SUMMARY:COP29 Trade and Investment House event: Dialogue on investing in di versifying critical minerals value chains for accelerating the energy tran sition CLASS:PUBLIC DESCRIPTION:As the climate crisis intensifies\, demand for the minerals nee ded to manufacture clean energy technologies is surging. According to the International Energy Agency\, global demand for minerals like lithium – vital for electric vehicles – is set to triple by 2030 and quadruple by 2040.The accelerating energy transition and rising demand for critical ene gry transition minerals (CETMs) call for investment that goes beyond extra ction.To ensure fair and equitable benefits for developing countries rich in these minerals\, diversification and value addition in midstream and do wnstream activities are essential.ObjectiveThe objective is to identify st rategies that ensure investments in CETM-producing countries not only meet the immediate needs of the energy transition but also contribute to their long-term sustainability and mitigate the environmental impacts associate d with mining. The event will examine strategies to diversify the critica l energy transition minerals (CETM) supply chain\, as the market is expect ed to tighten by the end of the decade\, and enhance the critical energy t ransition minerals value chain in developing countries. This aims to meet the growing demand driven by clean energy technologies\, ensuring inclusiv eness and sustainability.Supporting CETM-producing developing countries to add value to their minerals is crucial for enabling them to break free fr om the constraints of commodity dependence and achieve long-term sustainab le development.By focusing on upstream\, midstream and downstream diversif ication while addressing environmental challenges\, these countries can de velop a more integrated and resilient minerals value chain that not only i ncreases their share of the global market but also enhances local economic growth.Additionally\, side-stream diversification – leveraging the by-p roducts and associated industries of sustainable mining – can further cr eate new opportunities across various sectors. Through value addition and diversification\, the entire value chain becomes more resilient and scalab le\, better equipped to meet global demand fluctuations.The session will a lso underscore that sustainable finance is essential to developing the inf rastructure and capacity needed to responsibly exploit\, process and add v alue to these minerals and develop related industries along the value chai n.Investment is essential to promote this diversification\, as it facilita tes the development of infrastructure\, technology and skills. With these elements in place\, resource rich countries can move beyond mere extractio n and into the processing and manufacturing of value-added products\, such as batteries and renewable energy components\, within their borders.Parti cipants will discuss the importance of creating financial mechanisms that support long-term investments in mining\, processing\, and industrial infr astructure in developing countries.Additionally\, the session will explore tailored investment approaches that consider the unique challenges of eac h country\, particularly those that have rich mineral resources but lack t he infrastructure and stable regulatory environments necessary to attract investment.<\;p>\;<\;span>\;As the climate crisis intensifies\, de mand for the minerals needed to manufacture clean energy technologies is s urging. <\;/span>\;According to the International Energy Agency<\;sp an>\;\, global demand for minerals like lithium – vital for electric v ehicles – is set to triple by 2030 and quadruple by 2040.<\;/span>\; <\;/p>\;<\;p>\;The accelerating energy transition and rising deman d for critical enegry transition minerals (CETMs) call for investment that goes beyond extraction.<\;/p>\;<\;p>\;To ensure fair and equitabl e benefits for developing countries rich in these minerals\, diversificati on and value addition in midstream and downstream activities are essential .<\;/p>\;<\;h4>\;Objective<\;/h4>\;<\;p>\;The objective is to identify strategies that ensure investments in CETM-producing countrie s not only meet the immediate needs of the energy transition but also cont ribute to their long-term sustainability and mitigate the environmental im pacts associated with mining.&\;nbsp\;<\;/p>\;<\;p>\;<\;stron g>\;The event will examine strategies to diversify the critical energy t ransition minerals (CETM) supply chain<\;/strong>\;\, as the market is expected to tighten by the end of the decade\, and enhance the critical e nergy transition minerals value chain in developing countries. This aims t o meet the growing demand driven by clean energy technologies\, ensuring i nclusiveness and sustainability.<\;/p>\;<\;ul>\;<\;li>\;Suppor ting CETM-producing developing countries to add value to their minerals is crucial for enabling them to break free from the constraints of commodity dependence and achieve long-term sustainable development.<\;/li>\;< \;li>\;By focusing on upstream\, midstream and downstream diversificatio n while addressing environmental challenges\, these countries can develop a more integrated and resilient minerals value chain that not only increas es their share of the global market but also enhances local economic growt h.<\;/li>\;<\;li>\;Additionally\, side-stream diversification – leveraging the by-products and associated industries of sustainable mining – can further create new opportunities across various sectors. Through value addition and diversification\, the entire value chain becomes more r esilient and scalable\, better equipped to meet global demand fluctuations .<\;/li>\;<\;/ul>\;<\;p>\;<\;strong>\;The session will als o underscore that sustainable finance is essential to developing the infra structure and capacity needed to responsibly exploit\, process and add val ue to these minerals<\;/strong>\; and develop related industries along the value chain.<\;/p>\;<\;ul>\;<\;li>\;Investment is essenti al to promote this diversification\, as it facilitates the development of infrastructure\, technology and skills. With these elements in place\, res ource rich countries can move beyond mere extraction and into the processi ng and manufacturing of value-added products\, such as batteries and renew able energy components\, within their borders.<\;/li>\;<\;li>\;Par ticipants will discuss the importance of creating financial mechanisms tha t support long-term investments in mining\, processing\, and industrial in frastructure in developing countries.<\;/li>\;<\;/ul>\;<\;p>\; <\;strong>\;Additionally\, the session will explore tailored investmen t approaches that consider the unique challenges of each country\, particu larly those that have rich mineral resources<\;/strong>\; but lack the infrastructure and stable regulatory environments necessary to attract in vestment.<\;/p>\;\n\nView meeting on unctad.org\nhttps://unctad.org/me eting/cop29-trade-and-investment-house-event-dialogue-investing-diversifyi ng-critical-minerals DTSTAMP:20260901T022212Z END:VEVENT END:VCALENDAR