The Payne Institute for Public Policy and the Mineral and Energy Economics Program at Golden’s Colorado School of Mines have announced a three-year grant from Quadrature Climate Foundation to support critical mineral development in resource communities, particularly in the Global South.
The grant will fund two overlapping workflows: the creation of enabling policies for Global South countries to develop their critical mineral resources, focusing on equitable remuneration and economic development of resource communities, and the establishment of conditions for diverse participation in critical mineral development to foster fairer transactions and supply growth. This also includes exploring the role of commodities exchanges in facilitating transactions and price discovery.
“We are thrilled to be a recipient of Quadrature’s global funding,” said Morgan Bazilian, director of the Payne Institute. “We benefit from Colorado School of Mines’ deep ties into resource communities around the globe, which enhance our insight and analysis. We look forward to sharing with and learning from Quadrature’s other grantees as we work together to effect positive change.”
Ian Lange, associate professor of economics and business and director of the Mineral and Energy Economics Program, added, “We believe markets hold considerable potential as an enabler of critical mineral development and thus the economic and social development of resource-rich countries. We are excited to engage in this research and further understanding to this end.”
The Payne Institute aims to provide scientific insights that inform public policy on earth resources, energy and the environment. The Mineral and Energy Economics Program offers unique graduate degrees focused on mineral economics, attracting students globally.