New climate goals are going to need a lot more minerals

New climate goals are going to need a lot more minerals


A excavator operates next to a dump truck on a mine floor at the Bald Hill lithium mine site, co-owned by Tawana Resources Ltd. and Alliance Mineral Assets Ltd., outside of Widgiemooltha, Australia, on Monday, Aug. 6, 2018.  | Bloomberg / Contributor via Getty News

The world isn’t mining enough minerals to reach a future that runs on clean energy, according to a new report by the International Energy Agency (IEA). Minerals like lithium, cobalt, and nickel are the building blocks for clean energy economies. Countries can’t meet their new climate goals without them. If supply chains can’t meet skyrocketing demand, mineral shortages could mean clean energy shortages.

Many of the world’s biggest economies have set goals to nearly eliminate climate pollution from fossil fuels in the next few decades. Leading climate scientists have found that greenhouse gas emissions need to reach net zero globally by around 2050 to stave off the worst effects of climate…

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