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Conversations with Tyler

Jeremy Grantham on Investing in Green Tech

Nov 30, 2022
40:01

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Podcast summary created with Snipd AI

Quick takeaways

  • The mining industry lacks capacity for the green transition, emphasizing the need for alternatives to lithium like potassium and sodium batteries.
  • The Biden Climate and Taxes Act symbolizes progress in making green energy competitive globally, but concerns persist about rising energy consumption and fossil fuel dependency in growing economies.

Deep dives

The Global Mining Industry's Insufficiency for the Green Transition

Current global mining industry configurations do not have the capacity to provide enough raw materials for the required green transition. Lithium, crucial for green initiatives, is highlighted as dramatically insufficient. Jeremy Grantham explains that even with innovations like extracting more lithium from brine, the industry falls short. The necessity to find alternatives to lithium, such as potassium and sodium batteries, is emphasized. Grantham underscores the need for a fundamental redesign to overcome the limitations of lithium.

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