Yulia Chekunaeva provided a top-down perspective on what climate change may mean for the metals and mining industry.
The metals consumption is growing in line with GDP and population growth. So, in 2015 – 196 governments pledged to decarbonise amid climate change and a set of very important commitments came out from recent COP 26 in Glasgow
In fact, all elements of decarbonization are metals intensive which means that the growing metals intensity of the economy we are shifting from fossil fuels. This is good for the industry however, it transfers the source of emissions from fossil fuels to metals
The World needs low carbon metals and there’s a huge opportunity gap and the industry can and must address.