The energy transition requires substantial amounts of metals such as copper, nickel, cobalt and lithium. Are these metals a key bottleneck? We identify metal-specific demand shocks, estimate supply elasticities and pin down the price impact of the energy transition in a structural scenario analysis. Metal prices would reach historical peaks for an unprecedented, sustained period in a net-zero emissions scenario. The total value of metals production would rise more than four-fold for the period 2021 to 2040, rivaling the total value of crude oil production. Metals are a potentially important input into integrated assessments models of climate change.
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| 이전글 | [경제] Macroprudential Regulation and Sector-Specific Default Risk | 2022-09-14 |
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| 다음글 | [정책] Policy Options for Decarbonising Transportation in APEC | 2022-09-14 |
