February 23, 2024

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Tech-Critical Metals to Manage Climate Change in New Zealand

The digital economy has risen to prominence as the new centre of growth development. Climate change, on the other hand, remains a global issue that threatens our and other species’ long-term future on this planet especially in New Zealand.

A research team at the University of Canterbury is developing new technologies that could lead to creating low carbon technologies from mixed oxides that could help in transforming climate change in New Zealand. The research is focused on the processing of tantalum, a hard-to-process metal; and neodymium, a rare earth metal, in the initial proof-of-concept stage. These are used in capacitors and magnets, including the magnets that are a key component in almost all wind turbines.

These low-carbon technologies rely on a few critical metals, some of which have been underutilised in the past. This raises the question of whether there will be enough of these materials to support a large-scale rollout. Others are concerned that as metal output rises to meet demand, bottlenecks could develop, or that mining’s environmental costs may erode carbon savings elsewhere.

Low and zero carbon technology (LZC) is the term given to technologies that emit low levels of CO2 emissions, or no net CO2 emissions.

In an article from OpenGov Asia, The Otago Climate Change Risk Assessment indicated that climate change puts the region at risk of more heavy rainfall events, drought, coastal erosion and inundation, and more extreme hot days exceeding 30 degrees Celsius in the longer term. The report also projected major implications for communities and the economy.

The climate crisis continues to play out as the pandemic continues to wreak havoc across the globe. In fact, 2020 may is likely the third-warmest year on record; the planet was warmer by 1.2 degrees Celsius from January to October than the pre-industrial average measured between 1850 and 1900; and cyclones, floods and wildfires caused large-scale devastation.

Many storms and cyclones also affected other Asian countries, such as cyclones Amphan, Nisarga, Nivar and Burevi in India and African countries, and cyclone Gati in Somalia which brought two years’ worth of rains in two days.

By developing a new, carbon-free route to obtaining these critical metals, with further innovation, be a means to achieving New Zealand’s low carbon goals; securing access to these metals has also been identified as essential for achieving equitable transition to low carbon goals by the International Energy Agency.

Critical metals are technologically essential to the functioning of a variety of developing technologies, yet their supply is potentially unstable. This situation necessitates strategic planning based on long-term demand and supply for these metals, as well as its implications.

Rare earth elements are required for climate solutions such as solar energy, wind energy, and electric vehicles. These “green tech metals” have strong magnetic and luminous properties that make them difficult to replace with other elements.

According to a report, low carbon technology entails more than just combating climate change. It also allows for improved energy supply and energy security, accelerates productivity growth, raises employment and competitiveness, and improves public welfare and environmental quality. As a result, policies aimed at accelerating the dissemination and innovation of low-carbon technologies can help achieve multiple development goals simultaneously.

In the following decades, the global energy sector is likely to shift gradually toward renewable energy sources. The focal points are climate change and energy security concerns. Electricity is projected to take precedence over fuel costs in this process. However, many of these new technologies are reliant on various metals. For a sustainable future for all, the social, environmental, and carbon impact of extracting and processing minerals and metals that contribute to a low-carbon future must be effectively managed.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

PARTNER

CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

PARTNER

Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

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