Pathways to energy transition: How EITI data and dialogue can be used in EITI implementing countries
The energy transition will require a transformation of the extractive industries and will expose producer countries to new risks and opportunities. As global consumption of fossil fuels declines, countries that rely on revenues from petroleum and coal will have to contend with a decline in sectoral revenue. For mineral producers, the scaling of renewable energy and clean technologies will result in increased demand for commodities such as cobalt, lithium and copper, and a potential surge in investment.
Preparing for these rapid changes in demand will require data which can be used in forward-looking analysis, underpin dialogue on policy responses and inform public debate. The EITI Standard provides a framework for disclosure and stakeholder engagement as a foundation for accountability and good governance.
These factsheets provide a brief overview of countries' climate commitments and policies relating to the extractive sector and how the EITI can support them in addressing the economic implications of the energy transition.