This report provides an overview of the issues and challenges related to mineral resource governance in extractive economies and describes the implementation of the UNEA resolution 4/19.
The Ministry of Mining of Ecuador, with PAGE support, identified an opportunity to apply a TSA study to assess and improve artisanal and small-scale mining practices by implementing the Responsible Mineral Processing (RMP) approach to increase the profitability of the gold supply chain. This alternative approach also provides options for improving government regulations.
Decision-making in the extractive sector is shaped by a complex array of governance frameworks and initiatives operating along highly globalized mineral value chains. The report maps more than 80 existing international governance frameworks and initiatives which focus on delivering overlapping subsets of the 2030 Global Agenda for Sustainable Development, but do not currently operate in a sufficiently coordinated or integrated manner. In this context, the report calls for a new governance framework for the extractive sector referred to as the “Sustainable Development Licence to Operate” and including consensus-based principles, policy options and best practices that are compatible with the Sustainable Development Goals and other international policy commitments.
The Future of Nature and Business, the second of three reports in the World Economic Forum’s New Nature Economy series, provides the practical insights needed to take leadership in shifting towards a much needed nature-positive economy. The report highlights the need for a fundamental transformation across three socio-economic systems, which represent over a third of the global economy and provide up to two-thirds of all jobs.
The new Action Plan by the European Commission announces initiatives along the entire life cycle of products, targeting their design, promoting circular economy processes, fostering sustainable consumption, and aiming to ensure that the resources used are kept in the EU economy for as long as possible.