Navigating the energy transition in a resource-constrained world
Moving from a fossil fuel-based economy to a decarbonised one has become more complex in recent years in the face of protective political agendas. However, as power demand continues to rise as a result of increasing electrification and data centre needs, we are witnessing a wave of investments irrespective of geopolitical developments and national agendas accelerating the energy transition.
However, the electrification of energy systems requires vast amounts of materials, from the infrastructure needed through to the use cases like EVs. To be assured of materials supply to enable the energy transition, we need to consider the role of ethical sourcing and how ensuring local relations with communities and best environmental practices can be conducive to securing essential materials in a world increasingly focussed on resource nationalism.