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Latin American boom: Meeting Paris Agreement targets will quadruple demand for its minerals by 2040

RIO DE JANEIRO, BRAZIL - Limiting global climate warming to the Paris Agreement targets will quadruple the demand for minerals dedicated to building clean energy technologies by 2040.

In a report published on Wednesday, the International Energy Agency (IEA) indicates that if the energy transition were to be faster than to achieve carbon neutrality by mid-century, the needs in minerals for these technologies would increase sixfold.

For example, an electric car requires six times more minerals than a conventional car and an onshore wind turbine installation nine times more than a gas-fired power plant with equivalent generating capacity.

The . . .

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