Geopolitics of the Energy Transition Critical Material

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The energy transition will be a main driver of demand for several critical minerals. The transition will be mineral- and metal-intensive. At present, the bulk of the demand for such materials is for uses unrelated to the energy transition; but as the transition progresses, demand for many materials is projected to grow. IRENA’s 1.5°C scenario documents the vast scale of the energy transition infrastructure – and critical materials – needed to achieve climate stabilisation. This will include 33 000 GW of renewable power and the electrification of 90% of road transport in 2050. Already, a mismatch between supply and demand for several minerals is evident, with particularly high levels observed for lithium.

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