Co-chairs: Liberia and Norway
Collaborative Strategies for In-Country Shared Value Creation: Framework for Extractive Projects
The Framework offers practical guidance for harnessing non-renewable natural resources to build competitive, diversified, and sustainable economies in a scalable manner. It shows host governments, extractives industries and civil society how they can work together in a structured and systematic way to enable in-country shared value creation and advance the 2030 Agenda for Sustainable Development. The Framework transcends sectoral boundaries and focuses on strategies to foster coherence, sequencing, and effective co-ordination for integrated policymaking. It suggests monitoring and evaluation mechanisms to assess progress and impact over time. The actionable steps addressed to governments, industry, and civil society clearly articulate their respective roles for improved collaboration, mutual respect and accountability.
Compendium of Practices
The Compendium of practices is an online living tool that helps governments, extractive industry practitioners and civil society organisations generate shared value from natural resource extraction projects. It follows the same format as the Framework for extractive projects on collaborative strategies for in-country shared value creation, providing detailed examples on how to solve practical challenges and learn from experience.
The mining sector’s transition presents an opportunity for resource-rich countries, including developing economies, to foster the synergistic development of higher value-added domestic activities in the renewable energy sector. The shift of the mining industry to low-carbon energy can help advance the climate and sustainable development agenda, while also pursuing economic diversification objectives. However, the integration of new technologies into conventional power systems comes with risks and challenges.
This policy paper analyses the key drivers for, and obstacles to, renewable energy integration in mining operations, based on a review of over 30 existing projects worldwide. It identifies the need for an enabling policy environment, encompassing among others a competitive energy market structure and adequate energy infrastructure, to overcome current challenges and support the synergies between the mining and renewable energy sectors.