²ÝÁñÊÓƵ-INWEH Policy Brief: Ali S.H., Aczel M.R., Madani K. (2025) Building a Global Minerals Trust for a Just Green Transition, ²ÝÁñÊÓƵ Institute for Water, Environment and Health (²ÝÁñÊÓƵ-INWEH), Richmond Hill, Ontario, Canada. doi:
The green transition depends on critical minerals¡ªlike lithium, cobalt, and rare earths¡ªbut global supply chains are strained by geopolitical tensions, environmental damage, and uneven benefits. Without change, the scramble for minerals threatens to deepen global inequality, spark conflicts, and undermine climate goals.
This ²ÝÁñÊÓƵ-INWEH policy brief introduces a Global Minerals Trust: a new multilateral framework to treat critical minerals as shared planetary assets while upholding national sovereignty. The Trust would pool resources, promote transparency, support recycling, and ensure that mineral-rich nations¡ªespecially in the Global South¡ªshare equitably in the benefits of the green transition.
Canada¡¯s 2025 G7 presidency offers a unique opportunity to build early-stage consensus around the Trust, leveraging its strengths in environmental diplomacy, responsible mining, and multilateral leadership.
Key features of the Global Minerals Trust:
- Fair and transparent mineral access for green technologies
- Stockpiles and leasing systems to buffer supply shocks and encourage circularity
- Audit protocols modeled on rigorous international standards (like the IAEA)
- Inclusive global governance, with representation from mineral producers, green technology developers, and Indigenous communities
- Technology transfer and capacity-building to support producer nations in moving up the value chain
This policy brief calls for urgent, coordinated action to build a just, secure, and sustainable minerals system¡ªone that supports both the green transition and the livelihoods of communities at the frontlines of extraction.
