There needs to be government action to ensure reliable, sustainable supplies of elements vital for electric vehicles, power grids, wind turbines and other key technologies, according to a new report by the International Energy Agency, The Role of Critical Minerals in Clean Energy Transitions.
“Today, the data shows a looming mismatch between the world’s strengthened climate ambitions and the availability of critical minerals that are essential to realizing those ambitions,” said Fatih Birol, executive director of the IEA. “The challenges are not insurmountable, but governments must give clear signals about how they plan to turn their climate pledges into action. By acting now and acting together, they can significantly reduce the risks of price volatility and supply disruptions.”
Birol added, “Left unaddressed, these potential vulnerabilities could m