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.
The global transition to a low-carbon economy will involve changes in material markets and supply chains on a hitherto unknown scale and scope. With these changes come numerous challenges and opportunities related to supply chain security and sustainability.
To investigate the increasingly interconnected nature of material needs, a diverse group of authors including policy experts, geologists, mining engineers, and energy specialists, collaborated to review academic publications, technical reports, legal documents, and published industry data. A broad set of concerns including technical challenges, material supply chain considerations, investment strategies, modeling problems, and environmental issues, were found to be potential material barriers to the successful adoption of low-carbon technologies.
The recently published review outlines policy recommendations for topical energy concerns, and together these recommendations serve to highlight the complex, interdisciplinary materials approach required for a low-carbon energy transition. Because of these challenges, adoption of low-carbon technologies, and achieving low-carbon emissions goals, might be more complex than initially anticipated.
Our first webinar will feature a presentation by Jordy Lee, Research Associate for the Payne Institute for Public Policy at Colorado School of Mines. He will share details from their analysis and policy recommendations to further inform discussion and debate surrounding key facets of the global energy transition.
The webinar will be held Thursday, April 2 at 10:00am San Diego (12:00 pm Houston; 1:00 pm Washington, DC; GMT/UTC – 8 hours). The webinar will include a live Q&A session with the audience.
The Western Hemisphere has long been home to some of the world’s largest and most abundant energy resources. More recently, the region’s important renewable potential and critical minerals have also emerged as part of the energy equation for the hemisphere and beyond.
In early March, the Atlantic Council, in collaboration with the United States Department of Energy, released a report that set forth a series of steps to create a revised approach to inform the energy outlook for the hemisphere. Indeed, as Secretary of Energy Dan Brouillette wrote in the foreword to the report he has “a strong appreciation for the strategic importance of the Western Hemisphere to US prosperity, energy, and national security. As our closest neighbors and strongest trading partners, the energy and economic security of the hemisphere is critically linked to our own.”
The report sets forth a wide range of tools and steps to enact a new strategy; one that is long on cooperation and uniting the region’s policymakers. Perhaps most important are recommendations that seek to enhance energy policy cooperation across four major areas: 1) Energy Governance; 2) Supporting Access to Diverse Fuel Sources; 3) Modernization and Advanced Technologies; 4) Finance and Private Sector Engagement.
The recent announcement by BP CEO Bernard Looney for the company to attain net zero emissions by 2050 is the latest news to ripple across the global oil industry with a direct link to confronting the climate challenge. Development of international agreements targeting emissions reduction, national policies and corporate goals are all placing increasing focus on the role of oil in a post-2050 world. This is particularly true for the large-scale, highly complex and capital-intensive projects in the sector that often take a decade or more to bring online. Layered on top of the foregoing is polarizing climate change activism and demands on oil and gas companies and the sector writ large. This begs the question of whether we are reaching the moment when it may already be too late for major new offshore oil development?
Join us for a webinar with Jed Bailey, Managing Director of Energy Narrative and long-time Latin American energy analyst. Bailey will share his insights on the intersection of climate activism and the oil and gas sector with insights for the region, particularly the possible implications for deepwater projects in Brazil and Mexico and the nascent oil sector in Guyana and Suriname.
The webinar will be held Tuesday, March 10 at 10:00am San Diego (12:00 pm Houston; 1:00 pm New York; GMT/UTC – 8 hours). The webinar will include a live Q&A session with the audience.
Political developments, unrest and discord across nations of the Southern Cone and major natural gas producers Bolivia and Argentina, as well as critical consumer Chile has important implications for the near term function and outlook for the region’s gas market.
Questions surround the developments and advances in natural gas production from Argentina’s unconventional play, Vaca Muerta, as the country undergoes a political transition and significant shift from the government of Mauricio Macri to Alberto Fernandez, who takes office in mid-December.
Meanwhile, Bolivia, for years a major exporter of natural gas to both Argentina and Brazil, has been consumed by an unfolding political crisis since elections in October and the resignation of Evo Morales in mid-November.
Chile, historically a major importer of natural gas from Argentina – exchanges that were begun again this year with great fanfare – has been gripped with social unrest that has also thrown its economy into a tailspin.
Brazil, a key consumer and market for natural gas from Bolivia seeks to pass a new natural gas market law with the aim of further liberalizing the sector and removing Petrobras’ grip particularly over midstream and commercialization. Key to underpinning the overhauled natural gas market in Brazil is the growing potential of the country’s Pre Salt fields.