From NOT A LOT OF PEOPLE KNOW THAT
By Paul Homewood
Just another trillion or two!
Despite the growth in metals supply over the last decade, BloombergNEF’s (BNEF’s) annual Transition Metals Outlook finds that there are still not enough raw materials to meet growing demand. This supply squeeze could slow the adoption of clean energy technologies. In order to meet the demands of a net-zero emissions world, BNEF estimates $2.1 trillion is needed in new mining investments by 2050.
The report indicates that key energy transition metals such as aluminum, copper and lithium could face deficits in primary supply this decade – some as soon as this year. According to BNEF’s Economic Transition Scenario (ETS) – which is driven by the cost competitiveness of technologies and assumes no new policy support – the world could require 3 billion metric tons of metals between 2024 and 2050 to properly build out low-carbon solutions such as electric vehicles, wind turbines and electrolyzers. That number rises to 6 billion tons to reach net zero in 2050.
Kwasi Ampofo, head of metals and mining at BNEF and lead author of the report said, “the prolonged deficit of these metals will lead to higher prices for raw materials, which increases the cost of clean energy technologies. High costs could slow their adoption, and the energy transition at large”.
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No the mining industry needs zero dollars to meet net zero because net zero is a sick attempt to control us and will serve no good purpose.
I don’t understand why they don’t use the much cheaper wind and solar energy that they have now, to mine the minerals they need for the future. Wind and solar energy is almost free already, and the cost is coming down all the time. That would bring the cost of the minerals right down. Wouldn’t it.
Yea right sounds like a tui add
You missed out the sarc. tag and almost got me.
My sarc detector worked just fine on this post.
And yes, add in the perpetual motion machinery and shazam we are good for eternity.
yep and both drive the cost to consumers lots more
OT Get ‘em young…
free climate crisis ebook for UK primary schools
it was important that the book was made available for free because there are many children who do not own books, as well as schools that do not have libraries. Teaching children to value the environment from a young age means…
https://www.theguardian.com/books/2024/nov/04/konnie-huq-free-climate-crisis-ebook-primary-schools-jamie-oliver-mary-portas-david-baddiel-adam-kay
clean energy technologies
How everything became Orwellian. There’re so many signs that people are dead broke.I call this the century of the great idiot.
Orwellian right speak and right think was exactly control the language, control the ideas per Marx.
So we have all sorts of new buzz words and phrases. Everything now is a “right.” Sex is “assigned” at birth. “Gender affirming care” An abortion (a medical procedure) defined as “health care.”
Sad.
“wait. did you say mining?”
I read that there is about 40 years of copper reserves at the current consumption rate.
The report further stated that to meet net zero goals, consumption needed to be 10x.
So, assuming we had the assets in place to extract and refine the needed copper, we would be dead in the water before the 2030 deadline. Yes, copper can be recycled, but with the copper all in new builds, there is a delay of 5-20 years before any measurable used copper is available.
Best estimates are 60+ years for oil and more for coal. It seems we keep discovering more and more almost as if nature is recycling CO2.
Problem is not so much the reserves but mining them.
New mines can’t be developed fast enough for the all the demands to be met on the timetables people are talking about.
That is a problem, of course, but it does not alter the fact that there is nonsufficient reserves to implement net zero and still have a functional world.
Agree
Story tip
From the good folks at The Daily Sceptic:
Science Shock: U.K. Met Office is “Inventing” Temperature Data from 100 Non-Existent Stations
It doesn’t matter how many trillions of dollars you propose. The net zero crowd is the same people as the anti-mining crowd…so there you have it.
It is worse than that – the industry wide average target mineral/metal to dirt ratio is below 1% for many of the commodities, particularly copper. To put this in perspective – it was around 4% in the year 2000. Mark Mills has done great work exposing this. This means a direct multiplier to cost because lower copper percent means correspondingly more overburden/refining required. to get the same amount of copper.