World Bank to Assist in Sustainable Extraction of Minerals for Wind, Solar Projects
The World Bank plans to deploy a total investment of $50 million over five years for the Climate-Smart Mining Facility
May 8, 2019
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To realize a lower-carbon future, there will be a substantial increase in demand for several key strategic minerals and metals to manufacture cleaner energy technologies. Keeping this in perspective, the World Bank has announced a multi-donor trust fund called the Climate-Smart Mining Facility. The goal of this facility is to promote the sustainable extraction of minerals used in renewable energy technologies such as wind, solar and batteries for energy storage and electric vehicles.