Mining, Lithium, Oil and Gas

Natural Resources

Strategy for Mining, Lithium, Oil and Gas

Minerals and metals are essential components of our modern lives, powering devices such as mobile phones and batteries to basic kitchen appliances in your home that many of us use daily.

Minerals are also at the heart of the energy transition as renewable technologies such as battery storage systems, solar panels, and wind turbines rely on minerals and metals. As a result, demand for certain minerals and metals is expected to grow nearly five-fold by 2050.

Extracting, producing, and transporting minerals requires significant energy, water, and land across global supply chains. Minerals travel worldwide and generate greenhouse gas (GHG) emissions; mining alone accounts for 4 to 7 percent of total global emissions.

Ensuring a steady supply of minerals while minimizing the carbon footprint associated with their production and trade is critical to boosting decarbonization and building a sustainable future.

Smart mining

Decarbonizing  lithium Supply Chains

The World Bank’s Climate-Smart Mining Initiative just launched an interactive digital platform, the Climate Mineral Explorer (CME), that measures the greenhouse gas (GHG) emissions of critical minerals across supply chains, from extraction to end-use.

In its initial phase, the CME focuses on lithium, a silvery-white metal key to producing lithium-ion batteries in electric vehicles (EVs). Estimates show that 70% of new vehicles will be EVs by 2040, boosting demand for lithium. While countries with lithium resources can benefit, they need to ensure that production is done sustainably and responsibly, in line with goals to decarbonize the transport sector and accelerate the clean energy transition.

By comparing global lithium supply chain routes for electric vehicles, the CME helps determine options for reducing GHG emissions and energy use.

The platform maps out all stages in the lithium supply chain, from extraction and processing to battery manufacturing and vehicle processing—all the way to the end consumer market—and estimates the carbon footprint generated.