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Columbia Energy Exchange
Inside the 2024 World Energy Outlook
Nov 19, 2024
Tim Gould, the chief energy economist at the International Energy Agency, sheds light on the hidden costs of the clean energy transition. As demand for critical minerals like lithium, cobalt, and copper surges, he discusses the potential environmental and social impacts, particularly in developing countries. The conversation dives into the role of U.S. policy in mitigating mining damage and explores how to balance resource extraction with sustainability. Gould emphasizes the urgent need for innovative approaches to secure a cleaner energy future.
57:28
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Quick takeaways
- Intensifying mining for critical minerals essential for clean energy poses significant environmental and social challenges, especially in developing nations.
- The ongoing clean energy transition, influenced by geopolitical tensions, complicates achieving net zero targets and requires careful navigation by policymakers.
Deep dives
Energy Transition and Electricity Demand
The global energy landscape is transitioning from reliance on oil and gas to a more electrified system, driven by rising electricity demand and a shift towards renewable energy sources. This change is influenced by various factors, including increased geopolitical tensions and the fragility of energy markets, as highlighted in the International Energy Agency's World Energy Outlook. Despite significant progress, the world remains distant from achieving net zero targets, indicating that the transition to clean energy will not be uniform or straightforward. Understanding these dynamics is crucial for energy consumers and policymakers as they navigate the evolving energy landscape.
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Discover
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