COP28 demonstrates growing demand for Copper in Clean Energy Transition

More than ever before, COP28 demonstrated that switching to clean, renewable forms of energy—and ensuring this energy is used efficiently—was top of mind for the sustainability community and policymakers worldwide. This central focus on accelerating the clean-energy transition will have significant implications for the copper industry and other green technology supply chains. With the UAE Consensus aiming to steer the world toward a rapid transition to low-carbon energy technologies, the demand for copper will grow, given its critical role in renewable energy systems, electric vehicles and energy-efficient buildings.  

As negotiators from around the world worked overtime in Dubai to deliver a new plan to address climate change—including a new fund to address losses and damages from climate impacts and the first international accord to directly address fossil fuels—policymakers urgently discussed how accelerating the adaptation of renewable energy will invariably increase the reliance on critical materials, presenting both challenges and opportunities for the copper industry to contribute to a just transition.  

Jubilee Metals Group plc (LON:JLP) is a diversified metal recovery business with a world-class portfolio of projects in South Africa and Zambia. The Company’s expanding multi-project portfolio across South Africa and Zambia provides exposure to a broad commodity basket including Platinum Group Metals, chrome, lead, zinc, vanadium, copper and cobalt.

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