Critical minerals in India – economic potential and environmental challenges
Data: Poniedziałek 24.02.2025
Sesja: Critical Raw Materials Economic and Environmental Challenge
Godzina/Sala: 14:00 - 14:20 - PIANO
Tytuł: Critical minerals in India – economic potential and environmental challenges
Title: Minerały krytyczne w Indiach – potencjał gospodarczy i wyzwania środowiskowe
India possesses significant potential for \"Critical Minerals\" like lithium, cobalt, nickel, graphite and rare earth elements, which are crucial for the clean energy transition and advanced technologies, but their extraction comes with significant environmental challenges including potential water scarcity, biodiversity loss and pollution - making sustainable mining practices crucial for responsible economic development.
India has a significant potential to capitalize on growing demand for critical minerals, but must prioritize sustainable mining practices to mitigate environmental impacts. Balancing economic development with environmental protection is critical for the long-term sustainability of India\'s critical mineral sector. Collaborative efforts between government, industry & local communities are needed to address environmental concerns and ensure equitable benefits from mining activities.
Key points about critical minerals in India involve Clean energy transition; Technological advancement; and Rising Global demand.
On the other hand, environmental challenges include \"Water scarcity\"; \"Biodiversity loss\"; \"Air & Water pollution\"; \"Acid Mine drainage\", among others. To address the environmental concerns, there is a need to adapt sustainable mining practices; Strict regulations and monitoring; Community engagement as well as Research & Development (R&D).