Senior ETF product manager
The transition to a low-carbon economy is underway, but important actions are still needed to achieve aggressive policy goals and consumer demand. We are probably in the early stages of this transition, but one thing is undeniable: without green metals it will not be possible.
Green metals are those metals that are used in applications, products, and processes that enable the energy transition from fossil fuels to cleaner energy sources and technologies. Its applications range from electric vehicles i battery storage to wind turbines and solar panels. The World Bank summarized well a sample of green metals and their use in various applications in a recent research report.
Metals used in low carbon technologies
Source: World Bank Group; Minerals for climate action: the mineral intensity of the transition to clean energy; 2020.
Green metal demand factors in the energy transition
Many clean energy sources and associated applications require many more metal inputs than traditional fossil fuel-based equivalents. For example, in addition to steel, a conventional car needs copper and manganese, while an electric car needs more copper and more manganese than a conventional car and at least seven more …
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