Research and consultancy group Wood Makenzie (WoodMac) says the global energy transition presents an almost unattainable mine supply challenge, with significant investment and price incentives required. In its latest report, titled ‘Red metal, green demand: copper’s critical role in achieving net zero’, WoodMac finds that 9.7-million tonnes of new copper supply is needed over ten years, which is equivalent to almost a third of current refined consumption, if the industry is to meet the Paris Agreement target of containing global warming to 1.5 ˚C above preindustrial levels.
from Engineering News | Home https://ift.tt/VK0EHO5
