‘Oligopolies’ control over rare earths is key green transition snag Subject: Economy Section: National Income Context: Countries energy transition efforts face significant uncertainty due to the oligopolistic control over mining and processing of rare earth elements that were critical to scale up green technologies, Chief Economic Advisor V. Anantha Nageswaran observed, adding that external funding to help developing  countries move away from fossil fuels could also be potentially weaponised. What can be done: Investors in green transitions should avoid excessive greed and prioritize public goods creation. Public investment […]