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Thursday
Jul202017

'Clean Energy Environment Risk' - World Bank!

Just before we all get super excited about alternative energy sources and storage, it may be a good idea to consider some of the impacts that have for far too long been cast into the background.

One such warning is contained in this Financial Times article from 18 July.

"Technologies needed to meet the Paris climate agreement from wind, solar, and electricity systems are “more material-intensive” than our current fossil-fuel supply systems, a report by the bank said.

The mining or extraction of metals and rare earth elements could create environmental problems in terms of energy, water and land use, the report said. “If not properly managed minerals [to combat] climate change could constitute a bottleneck vis-a-vis our policies on global warming,” Riccardo Puliti, global head of the energy and extractives practice group at the World Bank, told the Financial Times.

Metals demand could double due to growth in wind turbines and solar panels and there could be a more than 1,000 per cent increase in lithium demand for batteries, the bank said."

Read the remainder of the article to get the full impact of what we are facing as the 'supply-chain' build-up takes hold through a vast range of previously carbon committed international conglomerates, like Rio Tinto and Glencore. They have by their past performance demonstrated disregard for the effects of their actions, and there is no reason to believe that they will be any more committed to ensuring safe and sustainable practices as the change takes place.

But most of all, the question remains - just where is it intended that all the lithium, and rare-earth elements likely to be needed are to sourced?

 

 

 

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