We expect that demand for energy transition-related critical minerals will grow significantly in the next decades even in the absence of rapid progress required to achieve net zero.
Industry Climate Change
Using data from our new Industry Climate Service we examine the responses of the land transportation services sector to different climate change scenarios.
In 2020, electricity represents around 21% of global industrial energy consumption. By 2050, this reaches 65% in our Net Zero Transition scenario.
We find that an innovation-inducing Net Zero Transformation scenario would lead to a net gain of $3.7 trillion in real global GDP by 2050, with mining being the major loser, while manufacturing, construction, services and transport all gain among the major headline industries.
Introducing our Industry Climate Service to help clients quantify the impacts of climate change and associated mitigation policies on output and energy use trends across more than 100 sectors.
Changing weather patterns and frequent natural disasters have increased environmental concerns. As a result, mitigation, adaptation, and regulatory reporting have become a major priority for policymakers and business leaders.
