Diversifying the critical mineral supply chain will prove “hugely important” to the success of a green energy transition and U.S. national interests and security, Geoffrey Pyatt, the assistant secretary of the State Department’s Bureau of Energy Resources, said in an interview with the Washington Examiner.China dominates the supply chain for critical minerals, many of which are essential to green technologies. This reliance on Beijing draws worries.
Demand for minerals is expected to grow exponentially as the administration’s climate bill goes into effect and other countries ramp up their deployment of green efforts. For instance, lithium demand is forecast to grow more than 40 times, he added.Pyatt spoke with the Washington Examiner exclusively before his remarks at a conference last month organized by the Central American Bank for Economic Integration in Washington, D.C.
Mossi described how investments during the pandemic helped create about 100,000 new jobs. In a subsequent survey, he said the results showed that people said, “We didn’t migrate to the U.S. because we had an opportunity to stay here in Central America.”At the same time, the bank and U.S. have cast a wary eye toward China, which has invested billions of dollars in regional energy sectors, including renewables and raw materials essential to the technology.
The topic surfaced in discussion with President Joe Biden’s climate envoy, John Kerry, during the Summit of the Americas in Los Angeles this year, Mossi said, with the former secretary of state interested to learn that the bank channels 40% of its financing toward sustainable energy projects.
US can't do it in the US how the hell is it going to do it elsewhere! 😆
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: phxbizjournal - 🏆 254. / 63 Read more »
Source: FoxBusiness - 🏆 458. / 53 Read more »