Photo: Wikipedia
Photo: Wikipedia

The New Oil Rush: Nations scramble for minerals critical to clean energy

As a bitter battle ensues between China and the rest of the world to control rare earth minerals, can India secure its place in this new energy order?
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The geopolitics of the world will shift from oil producing countries to the rare earth and other critical mineral producing countries in the coming years
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There is a fight among countries to secure the greatest share of critical battery minerals and China has taken a huge early lead
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An electro-economy is an inevitable reality. The quicker India prepares for this change, the bigger will be the economic spin off, along with low carbon and health benefits
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Given the supply constraints of battery materials, hydrogen could play a key role in energy transition
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The production of the technologies necessary to decarbonise and digitalise the global economy has unfortunately been drawn into the battlefield of geopolitics, the most prominent of which is the US-China rivalry
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India needs to act fast on exploration, excavation and setting up critical material value chains through adequate downstream investments
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Down To Earth speaks to Gauri Singh from the International Renewable Energy Agency on the global transition to clean energy
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Down To Earth
www.downtoearth.org.in