Key Points
The mining of rare earth elements is perceived as a "zero-sum game" due to limited global reserves and intense competition for these critical minerals..
Furthermore, environmental degradation caused by mining, coupled with increasing demand for rare earth elements in clean energy technologies and electronics, exacerbates the competition..
It is intended to provide transparency to consumers and stakeholders regarding the environmental and social aspects of the batteries they use, promoting responsible and sustainable practices.. . Building a circular economy for rare-earth elements involves developing strategies to reduce dependency on primary mining and enhance recycling and reusing practices..
India should prioritize mining critical minerals for clean energy due to their vital role in lithium batteries and other clean energy technologies..
By investing in responsible mining practices and fostering a circular economy for critical minerals, India can support the clean energy transition, combat climate change, and strengthen its position as a leader in the global green energy revolution...
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