COVID-19 isn’t the only problem going viral. Economic insecurity is driving gold prices to record highs around $1,700 per ounce, causing levels of global mercury pollution to rise too. In the United States coal-fired power plants drive mercury pollution, but globally, the leading cause is small-scale ‘artisanal’ gold mining. Roughly 30 million men, women, and children in poor countries depend on mining for subsistence incomes. Unfortunately, the cheapest and easiest way to mine gold uses mercury, a highly toxic heavy metal the United Nations is striving to eliminate.

Late last year, Reuters reported that the U.S. Defense Department plans to fund mining and processing operations for rare earth elements—a class of minerals for which China dominates the global market, producing over 80 percent of the world’s supply. In the past, China has restricted exports of rare earths, and recently threatened to do so again. Even with a phase one trade deal hammered out between the United States and China, natural resources are likely to remain a point of geopolitical tension.

The mother capybara and her three babies chew on grasses along the Los Amigos River as we drift near. Around a bend, white caimans fortify each sandbar, mouths open, waiting. Kingfishers plunge into the water to retrieve a morning meal, as oropendolas fly overhead. Spider monkeys and red howlers balance in the treetops of the soaring canopy 30 to 60 meters (100 to 200 feet) high that lines both riverbanks.

The Solomon Islands’ “commercially available forests will be gone in about 15 years” due to deforestation, said Lela Stanley, a Policy Advisor for Global Witness’ Asia Forests team at the Wilson Center’s recent China Environment Forum event. It looks like they are logging about 20 times faster than they should for the logging to be sustainable, she added. While timber from the islands is exported to China—the world’s largest importer and consumer of timber products—local residents and communities bear the brunt of the environmental cost of lost ecosystem services suffered at the hands of the timber trade. And they aren’t alone. China’s insatiable demand for raw materials and its harmful resource extraction practices wreak havoc on the ecosystems of its many producer countries.

The unabated growth of natural resource consumption raises risks that we will outstrip the capacities of ecosystems and governance institutions. At the same time, to achieve important global goals related to poverty alleviation, public health, equity and economic development such as those embodied in the United Nations Sustainable Development Goals (SDGs), we will simultaneously need more resources and better management of natural resources everywhere.

“Historically, resource conflicts have often centered on fuel minerals, like oil. Future resources conflicts may however focus more on competition for non-fuel minerals that enable [modern] technologies,” said Andrew Gulley, Mineral Economist at the United States Geological Survey. America’s 2018 National Defense Strategy says that great power competition is the country’s most important defense challenge. Its key competitor for resources is China. Gulley was among several experts gathered at New America on September 20 to discuss the new competitive space and prospects for conflict or cooperation.

The shift to a low-carbon economy is not only underway, it is accelerating. Last year, Costa Rica generated more than 99 percent of its electricity using renewable sources;  Germany expanded its onshore wind power capacity by 5,300 MW, and in the United States, more than 62 percent of new power plants under construction will produce renewable energy. What does this rapid increase mean for the countries that supply the inputs required to build these new facilities—particularly those countries that are struggling with fragility or corruption?