FORBES | Electrification is front and centre in the energy transition. The entire power value chain – from wind turbines and solar panels, transmission and distribution infrastructure to energy storage and batteries, electric vehicle (EV) charging and the rest – will be a winner.
But what does this mean for the metals that will build the plant, infrastructure and zero-carbon technologies? How much is needed and, critically, when depends on the pace at which the world pushes to reduce carbon emissions.
In any scenario, demand for metals goes up. But a 2 °C or lower pathway will require a more than doubling in power sector capacity over the next 20 years and will be truly transformational for metals. Julian Kettle, Vice Chair Metals and Mining, shared his views about the challenges for the sector in meeting rising demand.
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