Publication: Mining Firms' Climate-Sensitive Initiatives
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2019-04-29
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2019-04-29
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The need for mining firms to rethink and retool their local value creation efforts, along with the growing complexity of climate policies, presents an opportunity for forward-thinking mining fi rms to seize a competitive advantage. As this report argues, firms that systematically tackle their climate responsibilities and adapt to climate realities through technical solutions that offer scalable economic value to host nations are best placed to contribute to sustainable growth in their countries of operation.
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“Sekar, Sri; Lundin, Kyle; Tucker, Christopher; Figueiredo, Joe; Tordo, Silvana; Aguilar, Javier. 2019. Mining Firms' Climate-Sensitive Initiatives. Background Paper for Building Resilience: A Green Growth Framework for Mobilizing Mining Investment. © World Bank. http://hdl.handle.net/10986/31590 License: CC BY 3.0 IGO.”
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Given the centrality of minerals and metals to our way of living, Building Resilience: A Green Growth Framework for Mobilizing Mining Investment investigates the extent to which the mining industry can contribute to green growth. Despite what ought to be a tight nexus of public and private interest in targeted green sector investment, this report finds that there is a misalignment between mining companies’ investment in climate-sensitive production processes, and policy makers’ efforts to develop a cohesive green economy framework for industry to navigate. The private and public sectors regard the climate agenda and the development of local economic opportunity as separate matters. Neither industry nor government have yet to effectively leverage their climate imperatives and mandates to seize green growth opportunities. 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