A coming copper shortage could derail the energy transition,...

A coming copper shortage could derail the energy transition, report finds

PUBLISHED THU, JUL 14 2022 12:01 AM EDTUPDATED 4 HOURS AGO

Pippa Stevens
@PIPPASTEVENS13
WATCH LIVE
KEY POINTS

• Demand for copper is booming, but supply can't keep up, jeopardizing net-zero emissions targets, according to a new report from S&P Global.
• Copper is key to electric vehicles, wind and solar power, as well as the infrastructure that transports and stores renewable energy.
• S&P Global's new report forecasts copper demand nearly doubling by 2035.
• "The energy transition is going to be dependent much more on copper than our current energy system," said Daniel Yergin, vice chairman at S&P Global.