Transition energy
Ethanol is the leading biofuel and natural gas is the least polluting hydrocarbon1
Natural gas...
Corn-based ethanol
Hover
Hover
40%
40%
produces around
half the CO2
half the CO2
of coal when burnt to generate electricity3
emission reduction
compared with gasoline and diesel2
and accounts for
20%
of global electricity generation4
Currently used primarily for road transportation, ethanol-based aviation fuel production is expected from 2025
Sources:
- Center for Climate and Energy Solutions, 2019
- Based on lifecycle estimates. Source: Argonne National Laboratory, 2021
- Source: Center for Climate and Energy Solutions, 2019
- Source: International Energy Agency
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Sources:
Transition metals
Click on an icon to see the rapid demand growth driven by increased renewable energy use.
Iron ore
+22%
Projected demand for iron ore 2023-2030 CAGR +22%
Demand for iron ore exceeds world's supply in 2029
(Projected deficit by 2030 is 3%)
Aluminium
+28%
Projected demand for aluminium 2023-2030 CAGR +28%
Demand for aluminium exceeds world's supply in 2024
(Projected deficit by 2030 is 25%)
Copper
+23%
Projected demand for copper 2023-2030 CAGR +23%.
Demand for copper exceeds world's supply in 2024
(Projected deficit by 2030 is 37%)
Nickel
+22%
Projected demand for nickel 2023-2030 CAGR +22%.
Demand for nickel exceeds world's supply in 2028
(Projected deficit by 2030 is 14%)
Zinc
+15%
Projected demand for zinc 2023-2030 CAGR +15%.
Demand for zinc exceeds world's supply in 2029
(Projected deficit by 2030 is 2%)
Silver
+23%
Projected demand for silver 2023-2030 CAGR +23%.
Demand for silver exceeds world's supply in 2024
(Projected deficit by 2030 is 109%)
Platinum
+84%
Projected demand for platinum 2023-2030 CAGR +84%.
Demand for platinum exceeds world's supply in 2024
(Projected deficit by 2030 is 25%)
Cobalt
+19%
Projected demand for cobalt 2023-2030 CAGR +19%.
Demand for cobalt exceeds world's supply in 2026
(Projected deficit by 2030 is 28%)
Lithium
+48%
Projected demand for lithium 2023-2030 CAGR +48%.
Demand for lithium exceeds world's supply in 2029
(Projected deficit by 2030 is 12%)
Source: Bank of America 2024
Clean power rewrites the rules
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Critical inputs to produce, distribute and store clean energy
Facilitates peak energy demand and bridges the gap to net zero
Discourages pollution and increases competitiveness of renewables
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