Increased metals demand for a green future
As the “Green Revolution” gains traction, greater attention is being paid to the critical roles of various metals and minerals, and so is the demand for these critical metals.
World leaders have set ambitious targets for increased deployment of renewable energy and increased energy efficiency as part of its drive towards a low carbon future, through clean energy initiatives.
The efforts to meet these targets will make clear the critical importance of clean energy storage and in turn trigger a massive increase in demand for clean energy technologies.
Predictions suggest that global demand for electricity storage from stationary and mobile applications will triple from an estimated 4.67 terawatt-hours in 2017 to over 15 terawatt-hours by 2030.
More than three billion tons of minerals and metals will be required by 2050 to deploy sufficient wind, solar and geothermal power, as well as energy storage, to have a chance of limiting warming to 2 degrees Celsius by 2100.
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