Summary:
- Unlocking Southern Africa’s potential: This groundbreaking report delves into the urgent need to re-imagine the critical minerals ecosystem in Southern Africa. As global energy systems shift towards cleaner sources, the demand for critical minerals is soaring. We examine the complexities surrounding this transition and propose strategies to ensure the region harnesses its potential sustainably.
- Navigating complexity with anticipatory governance: Anticipatory governance emerges as a powerful tool for Southern African nations to proactively address accelerating complexities. By cultivating a forward-looking approach, we explore how policymakers can better anticipate and respond to uncertainties, fostering resilience and preparing for a post-fossil fuel industrial landscape.
- Resource-balanced economy for a sustainable future: The report introduces the concept of a resource-balanced economy (RBE) that harmonises industry, resource use and ecological realities. The RBE envisions a sustainable equilibrium, integrating renewable energy systems, responsible resource extraction and societal values to ensure a just and prosperous future.
- Renegotiating trade agreements for equity: We spotlight the pressing need to renegotiate resource trade agreements, which often prioritise short-term gains over long-term public well-being. By aligning trade agreements with sustainability goals, we propose strategies to share economic advantages broadly and promote the well-being of local communities.
- Mitigating investment risks and enhancing resilience: The research unveils strategies to attract foreign direct investment while minimising investment risks. We emphasise the importance of regulatory transparency, risk assessment methodologies and a conducive business environment for economic wellbeing.
- Bioregionalism and re-localisation: Emphasising local production and consumption through bioregionalism and re-localisation, our report explores strategies to reduce dependence on global supply chains. By strengthening regional value chains and local economies, we aim to minimise environmental impacts and enhance sustainability.
- A new social contract for equitable mining: The research advocates for the establishment of a new social contract that prioritises environmentally and socially responsible management of mineral resources. Addressing corruption and promoting equitable benefit distribution, this approach fosters trust between governments and societies and contributes to sustainable regional development.
- Wayfinding the pathways forward: The report is a call to action for Southern African nations. By embracing anticipatory governance, reshaping trade agreements, promoting local economies and adopting the principles of an RBE, leaders and stakeholders can navigate the complex terrain of critical minerals and usher in a future characterised by sustainability, equity and resilience.
This is the third special report in our series on Geopolitical Energy Futures. Explore other publications in the series:
Special Report 1:
Special Report 2:
Special Report 4:
