Fatih Birol Profile picture
May 5, 2021 7 tweets 5 min read Read on X
Demand for critical minerals is set to soar as the world pursues net zero goals, our new @IEA report shows.

The energy sector’s needs for minerals could rise by as much as 6 times by 2040. Insufficient supplies would risk delays & extra costs.

More ➡️ iea.li/3ef1vrw
The mineral requirements of an energy system powered by clean energy are profoundly different from one that runs on fossil fuels.

For example, an offshore wind plant needs 13 times more mineral resources than a similar sized gas power plant.

Read more ➡️ iea.li/3eWVcYP
Our report shows a looming mismatch between the world’s strengthened climate ambitions & the availability of critical minerals that are essential to realising those ambitions

Governments need to act now & act together to reduce the risks of price volatility & supply disruptions
Production & processing of many minerals – such as nickel, cobalt & rare earths – are concentrated in a handful of countries. In some cases, the top 3 producers generate over 75% of supplies.

Producers need to meet stricter environmental & social standards.
The challenges are not insurmountable, & critical minerals don’t undermine the case for clean energy.

Though mineral extraction is relatively emissions-intensive, the lifecycle emissions of EVs today are about 1/2 those of a traditional car & only 1/4 with clean electricity.
The @IEA is committed to helping governments ensure that mineral supplies don’t hinder global clean energy transitions.

For this report, we set up a unique database of future mineral requirements in varying scenarios. And we're providing 6 key recommendations for policy makers.
To learn more, explore the findings of this free report on our website ➡️ iea.li/3ef1vrw

And join IEA Head of Energy Supply and Investment @tgouldao, report lead author @tae100 & me for the live launch event at 11am CEST ➡️ iea.li/3egk6TV

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More from @fbirol

Oct 16
After the Age of Coal & Age of Oil, the world is moving rapidly into the Age of Electricity ⚡️

Electricity has recently grown 2x as fast as total energy demand. But from now to 2035, it's set to grow 6x as fast, driven by EVs, ACs, chips, AI & more

More: iea.li/3BEGtk7Image
Electricity's growing role in the energy mix makes it vital to ensure as much of it as possible is generated from clean sources

The rapid growth of solar & wind means they are both set to overtake power generation from coal by 2035

More in #WEO24 ➡️ iea.li/4f7pTHZImage
World Energy Outlook 2024 shows energy markets are set to shift in the 2nd half of the 2020s to relatively ample supplies of key fuels & technologies, albeit still marked by geopolitical risks

How governments & consumers react will have major consequences for energy & climate Image
Read 8 tweets
Oct 9
The world is adding a huge 670 GW of new renewable capacity in 2024!

Between now & 2030, it is set to add 5,500 GW – even outperforming governments' own national targets

This is equal to the current total power capacity of China, EU, India & US combined: iea.li/3Yhz572Image
Renewables' unprecedented growth means they're on course to meet around half of global electricity demand by the end of this decade

By 2030, the share of solar PV & wind alone in the global power mix is set to double to 30%

Read @IEA’s new report ➡️ iea.li/4gYaMSZImage
@IEA Solar is powering renewables growth around the world ☀️

Solar PV alone is set to account for a massive 80% of new renewable capacity added globally between now & 2030

This means new large power plants – but also rooftop installations of solar panels by companies & households Image
Read 7 tweets
May 30
A major @IEA report out today shows that the transition to net zero emissions would mean lower energy costs globally than if we continue on our current path

Scaling up clean technologies is good for affordability as well as for cutting emissions

More: iea.li/4aM2zNn
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@IEA Today’s energy system is failing to deliver affordable energy for all: many millions of people lack access to clean cooking & electricity

In advanced economies, the poorest households spend up to 25% of their income on home energy bills & transport fuel: iea.li/4cgPMnF
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@IEA Today’s energy system is also not a stable one. The energy crisis caused by Russia slashing gas deliveries to Europe led to consumers around the world paying 20% more on average for energy than in past years.

Hardest hit were low-income households already struggling to pay bills Image
Read 9 tweets
Apr 25
Batteries are a vital part of the energy transition. Here's why:

- They're the fastest growing clean technology on the market

- They help meet climate goals & ensure energy security

- They bring down emissions in power & transport

@IEA's new report ➡️ iea.li/3QmAogL
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@IEA Batteries aren't just for powering your smartphone

In 2016, the energy sector accounted for around 50% of global demand for batteries, about the same share as electronic devices

By 2023, energy's share had risen above 90% - in a market 10 times the size: iea.li/3Jz7WEx
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@IEA Thanks to the rapid decline of battery costs – 90% since 2010 – they're speeding up opportunities to cut emissions in road transport & electricity

In 2023:

Electric car sales rose to a record of almost 14 million

Battery storage deployment in the power sector more than doubled Image
Read 8 tweets
Apr 23
Global electric car sales are on track to grow strongly again this year, reaching about 17 million

With more than 1 in 5 cars sold worldwide in 2024 set to be electric, the rise of EVs is transforming the auto industry & the energy sector

More from @IEA: iea.li/3Us3ZYF
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@IEA Electric cars' growth this year builds on a record-breaking 2023, when sales soared by 35% to almost 14 million

Demand was largely concentrated in China, Europe & the US, but momentum is picking up in key emerging markets such as Viet Nam & Thailand ➡️ iea.li/3xNUUk0
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@IEA Despite near-term challenges in some countries, new @IEA analysis sees the global electric car market gearing up for the next phase of growth

Under today's policy settings, nearly 1 in 3 cars on China's roads by 2030 is set to be electric & almost 1 in 5 in the US & EU Image
Read 10 tweets
Mar 1
Global CO2 emissions from energy rose less in 2023 than the year before even as total energy demand growth accelerated

The major expansion of technologies like solar, wind & EVs is limiting the increase in emissions & bringing them closer to a peak

More: iea.li/48vumRn
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Much of the rise in CO2 emissions in 2023 came from an exceptional fall in hydropower due to extreme drought, with fossil fuels filling the gap

Without the unusual hydropower drop, global CO2 emissions from electricity generation would've declined

More: iea.li/3Ijohgc
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In the last 10 years, the CO2 intensity of global GDP has fallen 20%, thanks to both the improvement in energy efficiency and the decline in emissions intensity of global energy supply.

CO2 growth is therefore increasingly decoupling from GDP growth. Image
Read 10 tweets

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