Arctic could be vital supplier of critical minerals for global green transition
The Arctic Economic Council’s latest “Arctic Mining Report 2024” argues that the Arctic region holds the key to advancing the global green transition by providing critical raw materials (CRMs). The report states that the Arctic is home to 31 out of the 34 materials identified as essential for technologies like renewable energy installations and electric vehicle batteries. With climate change pressuring industries to decarbonize, access to these resources has become a vital element in global energy strategies.
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