{"id":57695,"date":"2021-05-06T06:27:01","date_gmt":"2021-05-06T11:27:01","guid":{"rendered":"https:\/\/olduvai.ca\/?p=57695"},"modified":"2021-05-06T06:27:01","modified_gmt":"2021-05-06T11:27:01","slug":"climate-wars-iea-warns-governments-to-stockpile-battery-metals","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=57695","title":{"rendered":"Climate Wars: IEA Warns Governments To Stockpile Battery Metals\u00a0"},"content":{"rendered":"
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Climate Wars: IEA Warns Governments To Stockpile Battery Metals\u00a0<\/a><\/h3>\n<\/header>\n
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China’s dominance in green energy technologies are rare earth metal production is very concerning to the\u00a0International Energy Agency<\/a>\u00a0(IEA), who posted a stark warning Wednesday advising western governments to stockpile critical battery metals such as cobalt and lithium.<\/p>\n

IEA’s warning comes as the next chapter in US-China tensions will be climate wars as energy transition investment ramps up with\u00a0peak oil<\/a>\u00a0around 2030. Many Western countries and\u00a0China<\/a>\u00a0have estimated net-zero carbon emission economies somewhere around 2040-2060. The need for western economies to become less reliant on China for rare earth metals, such as lithium and cobalt, is a necessity for independence from the East.<\/p>\n

China has arguably been faster in adopting green technologies than western countries. Climate wars are much more than climate action and saving the planet – it’s about the\u00a0superpower race<\/a>\u00a0between the US and China and who can deliver climate change solutions and clean-tech.<\/p>\n

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Source: BofA<\/em><\/figcaption><\/figure>\n

IEA said leading industrial nations should begin to develop stockpiles of metals and minerals.<\/p>\n

“Meeting our climate change goals will turbocharge demand for mineral resources,” Fatih Birol, the head of the IEA, told\u00a0Bloomberg<\/a>\u00a0by phone. “Voluntary strategic stockpiling can in some cases help countries weather short-term supply disruptions.”<\/em><\/p><\/blockquote>\n

The problem with rare earth metals is that only a handful of countries control more than 75% of the global supply. So if disruptions, for any reason, were seen, they would immediately ripple throughout the world, seizing the production of green technologies.<\/p>\n

Bloomberg data shows demand for rare earth metals will soar this decade as countries decarbonizing their economies.<\/p>\n

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Source: Bloomberg\u00a0<\/em><\/figcaption><\/figure>\n

Bank of America lists the metals that go into clean\u00a0technologies.<\/p>\n

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Source: BofA<\/em><\/figcaption><\/figure>\n

After decades of advising governments on oil and gas markets, the agency focuses on supply chain risks of rare earth metals.<\/p>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Climate Wars: IEA Warns Governments To Stockpile Battery Metals\u00a0 China’s dominance in green energy technologies are rare earth metal production is very concerning to the\u00a0International Energy Agency\u00a0(IEA), who posted a stark warning Wednesday advising western governments to stockpile critical battery metals such as cobalt and lithium. IEA’s warning comes as the next chapter in US-China […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[4,5],"tags":[10440,269,1647,416,433,4318],"class_list":["post-57695","post","type-post","status-publish","format-standard","hentry","category-environment","category-geopolitics","tag-climate-wars","tag-energy-storage","tag-finite-resources","tag-iea","tag-international-energy-agency","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/57695","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=57695"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/57695\/revisions"}],"predecessor-version":[{"id":57696,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/57695\/revisions\/57696"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=57695"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=57695"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=57695"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}