The IMF recently warned that the pursuit of net-zero emissions by 2050 will “spur unprecedented demand for some of the most crucial minerals,” leading to “soaring costs” that could “derail or delay the energy transition.” The rising crescendo of alarm is justified: “crucial minerals” loom as the main bottleneck to decarbonization.
WASHINGTON, DC – Will a shortage of minerals short-circuit the clean-energy transition? National governments – including the United States, Japan, Britain, and Canada – the European Union, and international organizations such as the World Bank, the International Monetary Fund, and the International Energy Agency are raising the alarm. As the IMF puts it, the pursuit of net-zero emissions by 2050 will “spur unprecedented demand for some of the most crucial metals,” leading to “soaring costs” that could “derail or delay the energy transition itself.”
WASHINGTON, DC – Will a shortage of minerals short-circuit the clean-energy transition? National governments – including the United States, Japan, Britain, and Canada – the European Union, and international organizations such as the World Bank, the International Monetary Fund, and the International Energy Agency are raising the alarm. As the IMF puts it, the pursuit of net-zero emissions by 2050 will “spur unprecedented demand for some of the most crucial metals,” leading to “soaring costs” that could “derail or delay the energy transition itself.”