International Energy Agency's report finds countries’ ambitions and implementation plans are not yet in line with key goals set at COP28, but governments have tools to step up in the coming months through NDC process.
Prices for key minerals used in clean energy technologies dropped in 2023, but new IEA analysis shows need for greater and more diversified investment to support efforts to reach energy and climate goals.
Among the different minerals, lithium saw the sharpest increase in investment, a jump of 50%, followed by copper and nickel. While the report does not specifically mention Uganda, the country is believed to have these critical minerals in plenty.
Uganda has copper, cobalt, tungsten, beryllium, columbite, tantalite, gold, lead and zinc, lithium, tin, and iron. Some of these minerals have been listed globally as critical in the energy transition.
