• Lithium mining in Australia. Bloomberg
    Lithium mining in Australia. Bloomberg
  • A worker sets explosives on a mine floor at the Bald Hill lithium mine site in Australia. Bloomberg
    A worker sets explosives on a mine floor at the Bald Hill lithium mine site in Australia. Bloomberg
  • Cobalt metal nuggets awaiting shipping at the Nchanga copper mine in Zambia. Bloomberg
    Cobalt metal nuggets awaiting shipping at the Nchanga copper mine in Zambia. Bloomberg
  • A worker handles copper sheets in Kolwezi, Katanga province, Democratic Republic of Congo. Bloomberg
    A worker handles copper sheets in Kolwezi, Katanga province, Democratic Republic of Congo. Bloomberg
  • A report has warned of the significant environmental impact of mining for the resources needed to create renewable energy. Bloomberg
    A report has warned of the significant environmental impact of mining for the resources needed to create renewable energy. Bloomberg
  • Large areas of rainforest and other previous habitats have been cleared to make way for mining. Bloomberg
    Large areas of rainforest and other previous habitats have been cleared to make way for mining. Bloomberg
  • Lithium is among the most important materials for the renewable energy industry. Bloomberg
    Lithium is among the most important materials for the renewable energy industry. Bloomberg
  • Lithium concentrate photographed at a mine on the Atacama salt flat in the Atacama Desert, Chile. Bloomberg
    Lithium concentrate photographed at a mine on the Atacama salt flat in the Atacama Desert, Chile. Bloomberg
  • Researchers have warned that some of the world's most vulnerable species are at risk from habitat destruction.Bloomberg
    Researchers have warned that some of the world's most vulnerable species are at risk from habitat destruction.Bloomberg

Mining for renewable energy industry threatens biodiversity


Paul Peachey
  • English
  • Arabic

Mining for vital metals for the renewable energy industry could cause more damage to wildlife than climate change, a new study has warned.

Researchers said that more mines were needed to extract the raw materials necessary to build a larger renewable energy network that currently meets less than a fifth of the world's energy needs, according to a paper in Nature Communications.

It said 82 per cent of mining areas were targeting materials critical for renewable energy production like lithium and copper.

Mines targeting materials for renewable industries were also closer together than traditional fossil fuel sites, it said. It warned that the loss of habitats currently posed a far greater threat to species than climate change.

“Global conservation efforts are often naive to the threats posed by significant growth in renewable energies,” said the paper published on Monday.

It highlighted the threat to the Salar de Uyuni salt flats in Bolivia that is the second largest lithium reserve in the world but has so far been untouched by mining.

Attempts to tap the rich resources without measures in place to protect the environment would pose "serious threats to species and ecosystems," according to the paper, Renewable energy production will exacerbate mining threats to biodiversity.

The study found that eight per cent of mining areas were in nationally-designated protected areas and 16 per cent in wilderness areas.

The researchers from Australia, Canada and the US said that strategies were needed to ensure that “mining the materials needed for renewable energy production does not simply replace the climate change-related threats mitigated by reducing fossil fuel use”.

The biog

Born November 11, 1948
Education: BA, English Language and Literature, Cairo University
Family: Four brothers, seven sisters, two daughters, 42 and 39, two sons, 43 and 35, and 15 grandchildren
Hobbies: Reading and traveling

UAE currency: the story behind the money in your pockets
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Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

White hydrogen: Naturally occurring hydrogenChromite: Hard, metallic mineral containing iron oxide and chromium oxideUltramafic rocks: Dark-coloured rocks rich in magnesium or iron with very low silica contentOphiolite: A section of the earth’s crust, which is oceanic in nature that has since been uplifted and exposed on landOlivine: A commonly occurring magnesium iron silicate mineral that derives its name for its olive-green yellow-green colour

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Aitana Bonmatí (Barcelona / Spain)

Kopa Trophy (Best player under 21 – Men’s)
Lamine Yamal (Barcelona / Spain)

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Gianluigi Donnarumma (Paris Saint-Germain and Manchester City / Italy)

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Luis Enrique (Paris Saint-Germain)

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Sarina Wiegman (England)