Private virtual roundtable - 1.5 hrs
Background
Development of critical minerals, both for and beyond energy transition, must include local value chain creation, economic development, employment generation and principles of resource-sharing with the local communities. Global South economies have voiced this aspiration, determined to not replicate the historic “resource curse.”
Community benefits mechanisms for mineral extraction in Global South countries are a key consideration. As Global South countries develop their strategies for critical minerals production, reconsideration of existing benefits mechanisms will be important to ensuring that the local communities share the benefits of resource extraction. These benefits go beyond compensation for displacement and are often established on the principle of (a) profit-sharing from mineral exploitation with the local communities and (b) avoidance of local, long-term socioeconomic dependence on mining.
This virtual roundtable shed light on the various community benefit mechanisms in three major Global South economies—India, Brazil, South Africa—by bringing together experts from across the three countries to discuss how these mechanisms may be retooled to help ensure just extraction of critical minerals.
Featured speakers
● Jarredine Morris (Carbon Trust)
● Bruno Gomes (HUMANA)
● Ramesh Sharma (Ekta Parishad)*
*Due to connection issues, Chinmayi Shalya (Swaniti) stepped in for his speaking slot
