Smoke ’em if ye got ’em. File image.
Published on Thursday, a new Wood Mackenzie forecast for the green energy transition, or GET™ (a new MINING.COM trademark we’re making freely available) is, for good reason, already in wide circulation.
Written by global metals expert Simon Morris, VP for Research, Metals & Mining Global Metals, at the Scotland-based analytics firm, the whitepaper is titled:
Scots may be known for their frugality, but at this website we don’t believe in taking the fizz out of anything so we decided to get on the wagon and take another look at Woodmac’s GET and planet decarbonisation predictions.
Under Woodmac’s most aggressive scenario for cutting the world’s carbs (like a strict keto diet – you’re not allowed beer, only Scotch), Morris says $50 trillion must be invested by 2050 “to electrify infrastructure and engineer out the aspects of modern life that most significantly contribute to carbon emissions”.
$50 trillion certainly looks and quacks like a supercycle duck (or on current trajectory the combined worth of Bezos/Scott, Musk/c and Gates/French in 2050) and miners would be pleased as punch for even a snifter of that, considering the dregs the industry has had to be content with in the past.
But Morris warns not to pop the corks just yet.
READ THE REST OF THE ARTICLE ON MINING.COM