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    Home > Chemicals Industry > International Chemical > The environmentally friendly mining industry is expected to create a $3.5 trillion market by 2030

    The environmentally friendly mining industry is expected to create a $3.5 trillion market by 2030

    • Last Update: 2023-01-03
    • Source: Internet
    • Author: User
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    According to the latest report from the World Economic Forum (WEF), putting nature ahead of business considerations has the potential to create 395 million jobs and $10.
    1 trillion in business opportunities
    by 2030.

    In the wake of the COVID-19 pandemic, unprecedented unemployment and economic uncertainty have prompted governments to look for ways
    to stimulate growth in a safe way.
    According to experts at the World Economic Forum, the answer can be found
    in what they call a "natural first" approach.

    "The global economy is inextricably linked to the health of our planet.
    .
    .
    How we produce, manufacture, consume and ultimately manage our waste strains
    nature's ability to cope.

    In mining and power generation, nature-positive businesses, or value-added businesses, could generate an estimated $3.
    5 trillion in annual value and create 87 million jobs
    by 2030.

    "The extraction, production, manufacturing and production of energy, materials, which account for about 23 percent of global GDP and 16 percent of employment, are both major contributors to global economic growth and a major threat
    to biodiversity," the report said.

    The World Economic Forum added that the negative impacts of the sector, mainly air pollution and carbon emissions, cost $9 trillion a year, or about 10.
    5 percent
    of global GDP.

    To reverse costly impacts, consumption efficiency is needed to reduce the amount of
    resources that need to be extracted, the report said.
    It also involves improving the way these resources are exploited to minimize impacts on ecosystems, while shifting to more renewable energy
    .

    "Supportive regulations, such as those that encourage and support the design of environmentally sound extractive projects, the systematic remediation of mining sites, and waste collection and reuse, are critical
    to unlocking the commercial value of environmental friendliness.
    "

    Circular economy

    According to statistics, British multinational car manufacturer Jaguar Land Rover (JLR) collected and repurposed about 300,000 tons of aluminum
    between 2013 and 2019.

    Over a six-year period, the annual recyclable 180,000 tons of aluminum (JLR) had a conversion rate of 30%.

    The program has reduced total carbon emissions from Jaguar Land Rover's global vehicle production operations by 46%.

    Elion Resources Group is the first Chinese company committed to achieving 100% renewable energy operations by 2030, initially in the Kubuqi Desert in Inner Mongolia
    .
    Sandstorms frequently disrupt production and increase costs
    early in operations.
    In order to combat desertification and sandstorms, Elion has developed an integrated economic system
    based on ecological restoration.

    Akanksha Khatri, head of WWF's Action Agenda for Nature, said in a statement: "We can address the looming biodiversity crisis and revive the economy
    by creating and protecting millions of jobs.

    According to the report, increasing the recovery rate of extracted resources could save up to $225 billion
    by 2030.
    According to Deloitte's estimates, assets invested in environmental, social and governance (ESG) are currently estimated at more than $20 trillion
    .
    Companies that fail to deliver value beyond compliance can face financial consequences and take a toll
    on their reputation.

    According to the latest report from the World Economic Forum (WEF), putting nature ahead of business considerations has the potential to create 395 million jobs and $10.
    1 trillion in business opportunities
    by 2030.

    In the wake of the COVID-19 pandemic, unprecedented unemployment and economic uncertainty have prompted governments to look for ways
    to stimulate growth in a safe way.
    According to experts at the World Economic Forum, the answer can be found
    in what they call a "natural first" approach.

    "The global economy is inextricably linked to the health of our planet.
    .
    .
    How we produce, manufacture, consume and ultimately manage our waste strains
    nature's ability to cope.

    In mining and power generation, nature-positive businesses, or value-added businesses, could generate an estimated $3.
    5 trillion in annual value and create 87 million jobs
    by 2030.

    "The extraction, production, manufacturing and production of energy, materials, which account for about 23 percent of global GDP and 16 percent of employment, are both major contributors to global economic growth and a major threat
    to biodiversity," the report said.

    The World Economic Forum added that the negative impacts of the sector, mainly air pollution and carbon emissions, cost $9 trillion a year, or about 10.
    5 percent
    of global GDP.

    To reverse costly impacts, consumption efficiency is needed to reduce the amount of
    resources that need to be extracted, the report said.
    It also involves improving the way these resources are exploited to minimize impacts on ecosystems, while shifting to more renewable energy
    .

    "Supportive regulations, such as those that encourage and support the design of environmentally sound extractive projects, the systematic remediation of mining sites, and waste collection and reuse, are critical
    to unlocking the commercial value of environmental friendliness.
    "

    Circular economy

    Circular economy

    According to statistics, British multinational car manufacturer Jaguar Land Rover (JLR) collected and repurposed about 300,000 tons of aluminum
    between 2013 and 2019.

    Over a six-year period, the annual recyclable 180,000 tons of aluminum (JLR) had a conversion rate of 30%.

    The program has reduced total carbon emissions from Jaguar Land Rover's global vehicle production operations by 46%.

    Elion Resources Group is the first Chinese company committed to achieving 100% renewable energy operations by 2030, initially in the Kubuqi Desert in Inner Mongolia
    .
    Sandstorms frequently disrupt production and increase costs
    early in operations.
    In order to combat desertification and sandstorms, Elion has developed an integrated economic system
    based on ecological restoration.

    Akanksha Khatri, head of WWF's Action Agenda for Nature, said in a statement: "We can address the looming biodiversity crisis and revive the economy
    by creating and protecting millions of jobs.

    According to the report, increasing the recovery rate of extracted resources could save up to $225 billion
    by 2030.
    According to Deloitte's estimates, assets invested in environmental, social and governance (ESG) are currently estimated at more than $20 trillion
    .
    Companies that fail to deliver value beyond compliance can face financial consequences and take a toll
    on their reputation.

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