Global effort to hit Paris climate targets will drive demand for metals, minerals
Published: Friday, 19 March 2021
The International Renewable Energy Agency (IRENA) announced on Tuesday March 16 a ‘roadmap’ of the investments needed for the world to hit the climate change targets set out in the Paris Agreement. Fastmarkets looks at what these plans would mean for mineral demand.
The agreements in the Paris accord, first signed in 2016,
commit nations to reducing carbon emissions in order to keep
the global increase in temperature by 2050 to less than 2°C
above pre-industrial levels, with efforts made to keep the
increase below 1.5°C.
The United States, the...