Energy, Oil & Gas Issue 205 June 2022

Page 14

Climate Change, Net Zero and Minerals

CHARLES BOND AND NAOMI SANDER LOOK AT THE ROLE OF MINERALS IN THE GLOBAL NET ZERO TRANSITION

Shifting to renewable energy sources plays a major part in global efforts to mitigate climate change. Since the 2015 Paris Agreement, renewable energy consumption has increased at a year-to-year rate of around ten percent. However, to continue to meet on-going targets, investment will be needed in the further wide-scale adoption

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of low-carbon energy alternatives, especially in light of the government’s long-awaited transport decarbonization plan that was announced recently. A low-carbon future isn’t possible without significant access to key minerals. Wind, solar and energy storage batteries are particularly reliant upon minerals. However,


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Energy, Oil & Gas Issue 205 June 2022 by Finelight Media Group - Issuu