Colombia is advocating for a new global treaty that aims to enhance traceability for critical minerals essential to the clean energy transition.
This initiative was announced during the COP16 UN biodiversity summit held in Cali, Colombia, and aims to establish a comprehensive proposal by the time of the COP30 UN climate conference scheduled for November 2025 in Belém, Brazil.
The treaty aims to cover the entire supply chain of critical minerals, from mining to recycling, to ensure responsible extraction and utilization of these resources.
The need for this initiative is highlighted by a recent recommendation from a UN panel on critical minerals, which emphasized the importance of a transparency platform to facilitate fair and sustainable extraction practices.
This platform could potentially be piloted in select mineral-producing countries to address the growing demand for critical minerals such as lithium, nickel, and rare earth elements.
These minerals are crucial for renewable energy technologies like solar panels, electric vehicles, and batteries, which are essential for achieving global climate goals.
The commitment made at the COP28 UN climate change summit to triple renewable energy capacity by 2030 is expected to significantly increase the demand for critical minerals.
However, the unchecked expansion of mining activities could lead to environmental degradation and impact local communities.
A study analyzing critical mineral mining projects revealed that more than half are located on or near Indigenous lands, raising ethical and environmental concerns.
Colombia's Vice-Minister of Environment, Mauricio Cabrera, expressed the country's vision for responsible mineral extraction, aiming to ensure that minerals used in the energy transition are sourced in line with environmental and community standards.
This reflects a growing recognition of the need for sustainable practices in the mining sector as the world moves towards greener energy solutions.
The launch of Colombia's transparency initiative has attracted attention from international stakeholders.
While developed countries have yet to reach a consensus on supporting the treaty, they are closely monitoring its progress.
Establishing a global framework for critical minerals involves balancing economic interests with environmental and social responsibilities, which adds complexity to the discussions.
While traceability is important, it is not sufficient on its own.
Independent scrutiny of industry practices is necessary to ensure adherence to high standards of best practice.
The UN panel on critical minerals has also emphasized the importance of placing human rights at the forefront of mining operations and advocating for a more ethical approach to resource extraction.
As the host of COP30, Brazil plays a strategic role in the global critical minerals landscape, with significant reserves of nickel, manganese, and rare earth metals.
However, further consultations are needed before Brazil commits to Colombia's initiative, highlighting the complexities of regional cooperation in mineral governance.
Other Latin American countries, such as Chile, Peru, and Mexico, also play a crucial role in the critical minerals supply chain.
They collectively produce 40% of the world's copper, and Chile and Argentina hold 35% of global lithium reserves.
This regional concentration of resources presents both opportunities and challenges as countries navigate economic development and environmental stewardship.
The push for a global critical minerals treaty is a significant moment in the intersection of environmental policy and resource management.
The discussions surrounding this initiative at COP30 will shape the future of the clean energy transition and the ethical considerations of mineral extraction.
The outcome of these negotiations could set a precedent for global governance of critical minerals, influencing environmental policies and the energy sector's economic landscape.