Daniel Yergin is Vice Chair at S&P Global. Mohsen Bonakdarpour is Executive Director, Economics and Country Risk at S&P Global. Olivier Beaufils is Director of Energy Advisory Services at S&P Global. John Mothersole is Director of Economics and Country Risk at S&P Global. Keerti Rajan is Director of Economics and Country Risk at S&P Global.
Copper — the metal of electrification — is essential to the energy transition. But could a mismatch between available copper supply and demand present challenges to the achievement of net-zero emissions by 2050 goals?
S&P Global responded to that concern with a new study, The Future of Copper: Will the looming supply gap short-circuit the energy transition? The study examined the pivotal role copper will play in the energy transition and potential obstacles.
It identified a growing mismatch on a global basis between copper supply and future copper demand for electrification and the energy transition. The study quantified future demand in a way that has not been done before.
S&P Global released the results online in July. Taking part were S&P Global's Vice Chair Daniel Yergin, Executive Director of Economics and Country Risk Mohsen Bonakdarpour, Director of Energy Advisory Services Olivier Beaufils, Director of Economics and Country Risk John Mothersole, Director of Economics and Country Risk Keerti Rajan.
Vice Chair, S&P Global, Daniel Yergin: Our session is on the future of copper. Will the looming supply gap short circuit the energy transition? We're going to turn to what is our methodology for calculating the copper requirements in the energy transition, technology by technology, sub-technology by sub-technology.