Sunday, December 10, 2023

At the interface between lithium and forest protection

Opportunities on the lithium horizon

According to REDIMIN’s research in the article published by Reuters, Bolivia has shown great interest in opening its doors to global alliances, with a particular focus on European companies, for the exploration and extraction of lithium, provided that they comply with the conditions established by the country . President Luis Arce stressed that Bolivia is ready to participate in the entire lithium production chain, highlighting the country’s ability to host multiple companies without conflicts between them.

Bolivian lithium reserves are considered the largest in the world, at an estimated 23 million tons. However, Bolivia still faces the challenge of translating this potential into commercial-scale production.

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Bolivia and the climate change clock

Today, lithium is an essential resource for electric vehicle batteries, making it a key player in the global transition to a lower-carbon economy. Recognizing the importance of lithium in this context, Arce emphasized Bolivia’s urgency to advance its mining in the face of growing global demand.

On the other hand, President Arce also shared his vision on the climate crisis, relating it to what he calls “the capitalist system.” Despite this position, he emphasized that Bolivia will continue to be a country with strong roots in mining, gas and oil production.

The challenge of deforestation

Arce also addressed the issue of deforestation, a critical issue amid growing global concerns about climate change and environmental protection. Bolivia was identified by Global Forest Watch as a major contributor to primary deforestation last year. However, the president maintains that Bolivia is one of the few countries that deeply understands how to protect “Mother Earth.”

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Environmental groups have praised the Bolivian government for supporting the agricultural industry to offset declining natural gas exports that have led to the deforestation of large areas of forest.

Nation World News Desk
Nation World News Desk
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