News & numbers The COP26 dilemma
In order to keep global warming to less than 2ºC above preindustrial levels, the following increase in metals production will be required:
$2trn 60% 140%
90% 80% 70% 60% 50% 40% 30% 20% 10% 0%
-10% 19Mt 30% 50% 150% Source: Reuters
Primary supply of metals required for energy transition by 2040 from currently uncommitted projects
ETO AET-2 AET-1.5 2.2Mt 3.5Mt 11.3Mt 2.6Mt
The investment required by the mining industry on top of what’s currently been pledged to keep
climate change to 2ºC. Source: Wood Mackenzie
$8.5bn
move away from coal. Source: NS Energy Business
196 Aluminium Copper
AET-2 + AET 1.5 incremental supply requirement
Zinc 13Mt Source: Wood Mackenzie
Accelerated energy transition (AET) that delivers net-zero carbon emission by 2050 and limits temperature rises this century 1.5ºC (AET-1.5) or 2ºC (AET-2). ETO: Energy Transition Outlook.
Nickel optimal scrap ratio
Lead optimal scrap ratio
28
of a COP26 agreement. Source: New Scientist
The contribution from countries including the US, the UK and Germany to help South Africa
Nations and organisations pledged to phase down coal- fuelled power generation as part
Countries that joined the Powering Past Coal Alliance (PPCA) during COP26, which requires them to
pledge to phase out coal entirely. Source: CNBC
48
The total number of countries
in the PPCA. Source: CNBC
36.7% World Mining Frontiers /
www.nsenergybusiness.com
Percentage of the world’s energy
currently produced by coal. Source: International Energy Agency
7
Kundra /
Shutterstock.com; zizou7 /
Shutterstock.com
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