Fueling Clean Energy Transitions: Addressing Value Chain Polarization in Critical Minerals

  • Program -
  • Type Think20 (T20)
  • Date 29 May 2024
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Abstract

The global demand for critical minerals required in clean energy transition technologies faces challenges due to supply chain disruptions, geopolitical tensions, and environmental costs. The concentration of mineral processing, refining, and manufacturing capacities within specific geographies poses risks, prompting governance initiatives like the EU’s Critical Raw Materials Act and the US’s ‘Securing a Made in America Supply Chain for Critical Minerals’ Act, among others. However, increasing domestic supply within the Group of Seven (G7) advanced economies is costly and time-consuming in permitting approvals and setting up greenfield processing and refining facilities. This policy brief argues that the G7 can leverage its existing economic and technological heft to align market forces to better address the issue of critical minerals availability and supply chain restructuring through increased commercial collaborations and forging complementary and cooperative arrangements within the existing G7 frameworks. Moreover, creating a strategic reserve would reduce concerns about supply disruption, allowing nations to leave more room for market forces.

Authors

Jitendra Roychoudhury

Jitendra Roychoudhury

Principal Fellow- Utilities & Renewables Jitendra Roychoudhury is a Principal Fellow in the Utilities and Renewables program. His ongoing research portfolio at KAPSARC covers various…

Jitendra Roychoudhury is a Principal Fellow in the Utilities and Renewables program. His ongoing research portfolio at KAPSARC covers various global and regional economic, energy, and geopolitical issues, policy developments, and the impact of such policies on international energy markets. Before joining KAPSARC, Jitendra was Director and Chief Consultant at HDR Salva, India. He has worked extensively as a commodity consultant within India’s energy and infrastructure sectors, advising on developing commodity market entry strategies. He has authored and contributed to numerous consulting studies on coal and coal policy in India, Indonesia, and China. Jitendra has a bachelor’s degree in Mechanical Engineering from the University of Pune, India, and a Post-Graduate Diploma in Business Management from Welingkar’s Institute of Management, Mumbai.

Expertise

  • Energy policy
  • Energy markets
  • Electricity markets
  • Commodity markets
  • Cross-border electricity trading
  • Geopolitics of energy and commodity trading
  • Coal and alternative solid fuels
  • Hydrogen
  • Critical minerals
  • Supply and value chains
  • Geothermal energy

Publications See all Jitendra Roychoudhury’s publications

Emre Hatipoglu

Emre Hatipoglu

Research Fellow Emre Hatipoglu is a fellow in the Oil and Gas program and leads the research project Energy Markets and Geopolitics.…

Emre Hatipoglu is a fellow in the Oil and Gas program and leads the research project Energy Markets and Geopolitics. In this project, Dr. Hatipoglu and his colleagues assess how political events (e.g., international conflict, economic sanctions, international treaties) and global energy markets interact.

Prior to KAPSARC, Dr. Hatipoglu was associate professor at the Faculty of Arts and Social Sciences at Sabanci University in Istanbul and a a visiting Fulbrighter during the 2017-2018 academic year at Columbia University. He also served on the advisory board of Sakip Sabanci Center for Turkish Studies at Columbia University between 2016-2018. Dr. Hatipoglu’s work has been published in various scientific journals, such as the Journal of Politics, Energy Research and Social Science, Energy Reports, Foreign Policy Analysis, the Journal of Commodity Markets, and Defence and Peace Economics, among others. He is the editor-in-chief of the journal Energy Transitions, and serves on the editorial board of the International Studies Review.

 

 

 

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