May 2023

Post n°315

Critical metals for the transition: macro-financial issues

Published on 05/09/2023

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By Stéphane Dees, Simon Dikau, Hugh Miller, Romain Svartzman

Several metals will play a critical role in the transition to a zero-carbon economy. Imbalances between supply and a growing demand for these metals could arise. In order to assess these imbalances, Miller et al (2023) estimate the demand for metals induced by the NGFS climate scenarios and outline the potential implications in terms of macro-financial vulnerabilities.

Chart 1: Change in demand for critical metals (in Mt) induced by the NGFS "Net Zero by 2050" scenario
Chart 1: Change in demand for critical metals (in Mt) induced by the NGFS "Net Zero by 2050" scenario Source: Miller et al. (2023)
Updated on 05/09/2023 08:26