Nations around the world are noticing the damage being done to the environment by modern technology and industrialization. In a bid to help solve the problem, several countries are taking steps to go green. More studies are being conducted to determine what steps should be taken to ensure better practices, and recent research shows an unlikely answer to the problem.
The study released by Leiden University in the Netherlands in cooperation with environmental consulting firms Metabolic and Copper8 says that going green means having to increase the mining of some metals by at least 12 times by 2050 globally. This may come as a surprise to many as mining, especially hard rock mining, is considered a harmful practice.
The study presented earlier this month at the United Nations COP24 climate summit in Katowice, Poland, was made in consideration of the 2015 Paris Climate Agreement. The specific metals that need to be mined more are neodymium, terbium, dysprosium and praseodymium as these materials have conductive properties. Many of these metals can be acquired from China.
According to the study, shifting to a global renewable energy system that has no place for fossil fuels will require massive amounts of these rare metals. These are going to be required to create an assortment of renewable energy sources such as solar panels and wind turbines. It is worth noting that the study does not account the increasing demand for electric cars and smartphones, all of which also require the same metals.
Those behind the findings understand the complications that could arise with their discovered solution. Metabolic Founder Eva Gladek says, “It is essential for us to manage materials in a circular fashion in order to ensure that we have enough for the technologies critical to a low-carbon future.” For the plan to be more effective and less destructive, nations must work together to ensure that the metals are reused.
The effects of hard rock mining
Also known as underground mining, hard rock mining requires deep excavation of areas. This form of mining has its downsides for the environment and the local habitat. First off, the wildlife in the affected area could get disturbed by the mining projects. In some cases, the animal may need to migrate elsewhere.
Another issue with hard rock mining is that it can contaminate the air with the dust particles that come as a result of the excavation process. When projects are done extensively, then the resulting pollution is deemed to be very harmful to humans. With these concerns in mind, nations must find ways to limit the drastic effects of hard rock mining.
Transitioning to renewable energy is the goal of many nations but according to the findings, getting to that goal means having to make a few sacrifices first. The plan is solid and the results are great, but if nations barge into it haphazardly, we could end up losing more than what we could earn. With careful planning and execution, it would be all worth it in the long term.
Top 10 Forex Risks To Consider Before Starting Currency Trade
This article shows you the fx risk to expect while performing forex trade and how to mitigate them and ensure...
Why are investments in the fintech sector set to break records this year
The fintech sector has had a great year so far, according to investor Humberto Herrera Rincón Gallardo, who thinks that...
Biotech companies are getting closer to find the eagerly awaited COVID-19 vaccine
Moderna agreed to sell its coronavirus drug at a "pandemic price" of $32-37 per dose.The biotech company registered losses of...
Switzerland returns $35.6 million to cannabis light producers
Swiss companies producing light cannabis products have received $35.6 million (€30 million) from the customs authorities for illegal taxes previously...
The iCashly finance management app campaign overfunds within an hour of launch
iCashly is a new finance management app that is about to be launched, after succeeding to overfund the crowdfunding campaign...
Business7 days ago
How to keep people on your website longer
Biotech6 days ago
The Spanish pharma sector increased its profit by 18.4% in the first semester of the year
Business6 days ago
The financial guide for newlywed millennials
Featured5 days ago
The Italian fintech company Fido closes a €1.1 million financing round