Energy Transition Metals
Author | : Lukas Boer |
Publisher | : International Monetary Fund |
Total Pages | : 41 |
Release | : 2021-10-12 |
ISBN-10 | : 9781513599373 |
ISBN-13 | : 1513599372 |
Rating | : 4/5 (372 Downloads) |
Download or read book Energy Transition Metals written by Lukas Boer and published by International Monetary Fund. This book was released on 2021-10-12 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: The energy transition requires substantial amounts of metals such as copper, nickel, cobalt and lithium. Are these metals a key bottleneck? We identify metal-specific demand shocks, estimate supply elasticities and pin down the price impact of the energy transition in a structural scenario analysis. Metal prices would reach historical peaks for an unprecedented, sustained period in a net-zero emissions scenario. The total value of metals production would rise more than four-fold for the period 2021 to 2040, rivaling the total value of crude oil production. Metals are a potentially important input into integrated assessments models of climate change.