Report: Materials and Resource Requirements for Energy Transition
This is an executive summary of the report issued by Energy Transition Committee in July 2023. This report's overarching message is that there are plentiful
resources available to support a prosperous net-zero global economy. A zero carbon energy system will have massively reduced environmental impacts than
today's fossil fuel system; however, strong policies and actions are required to address specific challenges.
• The new clean energy system will have manageable requirements for land and water, and producing the materials required for it will result in
cumulative lifecycle emissions which are trivial compared to those produced by the fossil fuel-based energy system.
• There are sufficient raw materials to support the transition, particularly given opportunities for innovation and recycling to reduce material requirements.
• Policymakers and industry must ensure a fast, sustainable increase in supply by:
◦ Scaling up mining and refining capacity.
◦ Addressing issues relating to diversity and security of supply.
◦ Addressing environmental and social impacts of materials production.
◦ Driving materials and technology efficiency and recycling to minimise long-term primary resource needs.
What is your take on this? Do you have projects in your portfolio focused on financing transition or reducing material requirements?
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Aya Pariy
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