I want to express my sincere gratitude for your participation in this meeting today.
We are all here because we want to ensure we develop our natural resources in the best, most responsible way possible.
The need for these energy resource minerals is growing at an unprecedented rate. Energy demand is set to rise 50 percent between now and 2040.
Furthermore, 70 percent of future electricity is anticipated to be met by renewables.
Solar, wind, and battery technologies will need a far larger share of minerals than traditional fossil fuel-based applications – and at some point that means that a shovel must hit the ground.
The demand for cobalt, lithium, rare earth elements, and other “energy minerals” is projected to skyrocket over the next few years.
Together we can build a road map for success.
The Energy Resource Governance Initiative will convene meetings for such future discussions.
I encourage all of your governments to identify an ERGI POC point of contact.
The United States has a number of bilateral initiatives on critical minerals. ERGI complements those efforts through a unique, multilateral approach that we hope many countries will be a part of.
In the coming months, we intend to work with our founding partners to develop a best practice toolkit which we intend to unveil in the first quarter of next year.
This is only the beginning. Thank you for your participation.
Thank you for your leadership. This is critical work that we must get right. We look forward to continuing this discussion.