Production of so-called battery metals, such as graphite, lithium and cobalt, will have to increase by nearly 500% by 2050 to meet the growing demand for clean energy technologies, the World Bank said on Monday.
According to the global lender, over 3 billion tonnes of minerals and metals will be needed to deploy wind, solar and geothermal power, as well as energy storage required for mov transitioning to a low-carbon economy.
Many of the critical minerals used to make batteries for electric vehicles are found in developing nations. The World Bank’s goal is to help those nations to mine those commodities in a sustainable way to avert major ecological damage.
Mining the vast amount of key commodities the world will need in 30 years is seen as the only path to achieving the goals of the Paris Agreement. The accord seeks limiting global warming to 2°C or less….CLICK for complete article