News Formal

Energy transition faces metals gap unless investment rises, report finds

  • 📰 Reuters
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 97%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Rapid demand growth as a result of the energy transition could lead to a shortage of several metals in the next decade unless investment is increased, a global group of energy producers, consumers and financial institutions said.

Large supply gaps for lithium, nickel, graphite, cobalt, neodymium and copper could lead to higher prices and delay the goal of reaching net-zero emissions by 2050, the Energy Transitions Commission said in a report.

"In some key minerals - particularly lithium and copper - it will be challenging to scale up supply fast enough over the next decade to keep pace with rapidly rising demand," ETC Chair Adair Turner said in the report. "Governments, regulators, producers and consumers must work together to increase recycling, improve material efficiency, invest in new mining, and regulate environmental and social standards," Turner said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Türkiye, Saudi Arabia ink investment, defence, energy, communications dealsPresident Erdogan is accompanied by members of the Cabinet and other Turkish officials in his Gulf tour for working on deeper ties and regional stability.
Source: trtworld - 🏆 101. / 63 Read more »