The world is accelerating decarbonization of the electric electricity and transport sectors. Most notable, perhaps, has been the growing use of batteries for storage and electrification of mobility, which in turn require an increasing supply of raw materials mined in a sustainable manner. This demands massive investment levels backed by policies that encourage public and private financing to attain a reliable supply chain.
While lithium is the material most commonly debated in the context of energy transition, energy storage devices include myriad other metals and raw materials. These critical materials are found throughout the Americas. But, investments needed to finance their extraction on a scale commensurate with growing demand forecasts does not seem to be a priority based on prices seen as of December 2019. This begs two key questions: Why aren´t large investors paying attention to the battery supply chain? How can policymaking help shift investors´ attention to fund extraction of raw materials? It is increasingly clear that more needs to be done to keep up with the fast deployment of intermittent renewables sources and electric vehicles.
Join us for the third installment of the joint Institute of the Americas and Payne Institute for Public Policy “Critical Minerals and the Energy Transition” webinar series.
The webinar will feature a presentation by Jesse Edmondson, Senior Partner at G&W Consulting and CEO of U.S. Critical Minerals LLC. He will share his perspectives as experienced geologist and advisor to mining and government entities on the opportunities and challenges for investors in the material supply chain for a decarbonized economy.
The webinar will be held Thursday, April 23 at 10 a.m. San Diego (12:00 p.m. in Houston, 1:00 pm Washington, DC, GMT/UTC – 8 hours). The Webinar will include a live Q&A session with the audience.
The contours of the global energy transition point to a growing role for critical minerals across several segments of the energy sector from batteries and storage to electric vehicles to key renewables such as solar and wind energy.
According to the US Department of State, demand for critical energy minerals could increase almost 1000 percent by 2050. Focused on the critical governance aspect of this rapidly evolving dynamic for the global energy sector, the Bureau of Energy Resources (ENR) launched the Energy Resource Governance Initiative (ERGI).
ERGI is designed to promote sound mining sector governance and resilient energy mineral supply chains and counts three principal objectives:
Engage resource-rich countries on responsible energy minerals governance.
Support resilient supply chains.
Meet the expected demand for clean energy technologies
ERGI will be the focus of the next installment of the joint Institute of the Americas and Payne Institute for Public Policy “Critical Minerals and the Energy Transition” webinar series.
Conozca al nuevo actor que entra a la escena petrolera venezolana para salvar del desabastecimiento de gasolina al régimen de Maduro. Esta vez no es Rusia, sino un país Latinoamericano quien está negociando al margen de las sanciones estadounidenses.
The impacts of COVID-19 and efforts to control it have been unprecedented and well-documented. Indeed, the implications for Latin American economies and speciﬁcally the energy sector are wide-ranging – and still developing. The exact depth of the impact is still not entirely clear, but extrapolating rapidly evolving global trends point to major shocks. Moreover, the ﬁscal implications could also be quite grave. COVID-19 and Latin America’s Energy Sector: Today, Tomorrow and Beyond the Crisis