Colorado School of Mines, Payne Institute for Public Policy announce grant from Quadrature Climate Foundation

The Payne Institute for Public Policy and the Mineral and Energy Economics Program at Colorado School of Mines are pleased to announce the award of a three-year grant from Quadrature Climate Foundation in support of critical mineral development in resource communities, with an emphasis on the Global South.

The grant will support two distinct but overlapping workflows: 

1. The development of enabling policies for countries in the Global South to pursue development of their critical minerals resources, with an emphasis on equitable remuneration for – and optimizing the economic and social development of – resource communities. 
2. The development of policies to enable conditions for more diverse participation (i.e., more entities) in critical mineral development and for fairer transactions that, when combined, will serve to foster growth in critical mineral supply. That includes the role for commodities exchanges to facilitate transactions and price discovery.

Payne joins a community of other Quadrature grantees that are similarly researching critical minerals development and social outcomes.

 “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.”

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About the Payne Institute for Public Policy

The mission of the Payne Institute is to provide world-class scientific insights, helping to inform and shape public policy on earth resources, energy, and environment. The Institute seeks to link the strong scientific and engineering research and expertise at Mines with issues related to public policy and national security. For more information, visit: PayneInstitute.MINES.edu.

About the Mineral and Energy Economics Program at Colorado School of Mines

Founded in 1969, the world-renowned Mineral and Energy Economics Program at Colorado School of Mines offers MS and PhD degrees in Mineral and Energy Economics. The only Mineral Economics graduate program in the United States, the program attracts students from all over the world, with alumni known globally for their career achievements and qualifications. Learn more at econbus.mines.edu/mineral-energy-economics/.

About Colorado School of Mines

Colorado School of Mines is a public R1 research university focused on applied science and engineering, producing the talent, knowledge and innovations to serve industry and benefit society – all to create a more prosperous future. Learn more at mines.edu.

About Quadrature Climate Foundation

Quadrature Climate Foundation (QCF) is an independent philanthropic organisation focused on addressing the urgent challenges posed by climate change. Established by the founders of Quadrature Capital in 2019, QCF is dedicated to supporting innovative solutions that reduce greenhouse gas emissions, remove greenhouse gases from the atmosphere, and respond effectively to climate impacts. QCF’s work is informed by science and driven by a commitment to lift people out of vulnerability. Learn more at qc.foundation.