09:30 - 11:00 Room CC 9
The world’s consumption of several minerals is expected to increase considerably as the global economy expands and living standards rise, further increasing the pressure on the environment. At the same time, a sustainable exploitation of natural resources is required to meet numerous SDGs, such as ensuring availability and sustainable management of water and sanitation for all (SDG 6), promoting decent work and economic growth (SDG 8), investments in infrastructure (SDG 9), climate action SGD 13, and life on land (SDG 15). In this context, this session will discuss the opportunities and the challenges generated by the green low-carbon transition for the extractive industry. The debate explored how green technologies and business practises, including renewable energies, digitalisation (e.g. unmanned vehicles and satellites) and responsible business conduct, may help to green the extractive industries. Furthermore, the session discussed the tools available to governments and to Development Finance Institutions to address existing barriers to the shift towards greener technologies, including financing and skills gaps. The session also considered opportunities for the integration of resource-rich economies into green value chains.