By Adaobi Rhema Oguejiofor
The International Energy Agency (IEA) has disclosed that it will host the first ever international summit on critical minerals and their role in clean energy transitions this month.
The Agency revealed this through its website, adding that the summit will take place on Thursday 28th September, 2023 in Paris.
According to IEA, the Critical Minerals and Clean Energy Summit will focus on measures to promote the secure, sustainable and responsible supply of raw materials that have a central role in the global clean energy transition. The Summit will convene ministers from countries around the world including both large mineral producers and consumers, as well as business leaders, investors, heads of international organisations and civil society representatives.
The Critical Minerals and Clean Energy Summit comes after IEA was given a Ministerial mandate by its member governments in 2022 to deepen its work on critical minerals. Building on the analysis of its landmark report titled, “The Role of Critical Minerals in Clean Energy Transitions,” the Agency has launched new work streams in order to improve the transparency and security of critical minerals supplies and just published its inaugural Critical Minerals Market Review.
IEA was also recently asked by G7 Climate, Energy and Environment Ministers to provide support on critical minerals. The Summit will aim to build a broader consensus among the participants on effective courses of action to diversify mineral supply chains, enhance market transparency, accelerate technological innovation and recycling, and promote sustainable and responsible development practices.