As we move towards net zero, we’ll see a huge increase in EV and renewable energy production. Metals will be a linchpin of a zero-carbon economy.

Copper – in the form of wire, cable and foil – will bind and connect the batteries, motors and electrical networks that we’ll need for vehicles, solar panels and storage. However, the pull on the world’s resources to achieve this structural change will be transformational, dwarfing the demand increases we have seen over the past 30 years.

If the world is to successfully decarbonise by mid-century and achieve net zero emissions, limiting the rise in temperature to 1.5 C, the likelihood of delivering enough copper to meet demand is low. Low-carbon copper demand over the next 20 years would be equivalent to 60% of the current market size.

On the podcast, Liz is joined by Bernard Respaut, Chief Executive of the European Copper Institute, and Nick Pickens, Research Director at Wood Mackenzie, to analyse how governments, manufacturers and consumers will adapt to drive the energy transition by supplying the raw materials.

To find out more, please visit woodmac.com/horizons.

This program is brought to you by Shell Energy, who is helping guide businesses through their energy transition by offering a tailored energy roadmap, and solutions across the energy value chain. Learn more at ShellEnergy.com slash business

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