2179 Figure 7, adapted from the Climate-Smart Mining initiative (World Bank, 2020), shows the components of social and environmental programs to be included in the promotion of investments in mining projects, including the social strategies or programs that are currently being implemented (mining canon, mining royalties, works for taxes, public-private partnership and others) and environmental programs that are in progress (Environmental Management Plan, Citizen Participation Processes, others). Figure 7 – Social and environmental program for the promotion of mining investments 5. CONCLUSIONS The Mining Investment Promotion Strategy has a significant impact on the sustainability of the mining sector in Peru. The proposed strategy, based on successful case studies implemented in Peru since 1990, is available to the authorities for implementation and consolidation. This is one of the main contributions and objectives of this research, with a vision aligned with the global agenda for 2050. The international context for promoting mining investments significantly impacts the sustainability of the mining sector. The United Nations' Net Zero by 2050 goal, as a solution to the global environmental problem, and the World Bank's Climate-Smart Mining initiative, both of which contribute to achieving the Sustainable Development Goals, represent a historic opportunity for emerging mining countries like Peru, given the projected increase in consumption of key minerals such as copper and others, coupled with higher prices. Governance (internal competitiveness) significantly influences the sustainability of the mining sector. While the legal framework, state policies, mining potential, procedures, infrastructure, and experience exist to promote investment, these investments have been declining in recent years due to socioenvironmental conflicts, obstacles in permitting, and the current government's lack of knowledge and political will. Lessons learned and continuous improvement of the promotion strategy significantly impact on the sustainability of the mining sector. All the experience gained from promoting over US$115 billion in TEAMWORK FOR SUSTAINABLE MINING DEVELOPMENT GOVERNMENT INVESTORS ACADEMIA + RESEARCH MINERS SUPPLIERS AND CONSUMERS LOCAL COMUNITIES Aligned with the Investment Promotion Strategy BASIS OF SUSTAINABLE MINING DEVELOPMENT Social programs; Prior Consultation; Citizen Participation Processes; Mining Canon; Mining Royalties; Maintenance of Mining Concessions; Social Funds; Foundations; Framework Agreements; Works for Taxes; APP, National and International Cooperation; Clusters. Social Environmental CLIMATE CHANGE MITIGATION CLIMATE CHANGE ADAPTATION REDUCING MATERIAL IMPACTS CREATING MARKET OPPORTUNITIES • De-risking Investments • Enabling Carbon Markets • Robust Geological Data • Adoption of a Circular Economy • Recycling of Strategic Minerals • Strategic Mineral Supply Chain Management • Forest Smart Mining • Resource Efficiency • Innovative Tailings Solutions • Use of Renewable Energy • Innovation in Extractive Practices • Energy Efficiency
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