The International Renewable Energy Agency (IRENA) discusses the role electric vehicles (EVs) can play in helping the globe to achieve carbon emissions reduction targets set under the Paris Climate Change Agreement.
IRENA projects that $2 trillion in annual investment will be required to achieve the goals of the Paris Agreement in the coming three years.
This rising demand has also boosted mining stocks, as about 80 kg of copper is required for a single EV battery. As the energy transition gathers pace, the need for copper will extend beyond electric cars to encompass electric grids and other motors. Copper prices have, therefore, risen by 30% in recent months to $7800 per tonne, pushing up the share prices of miners such as Freeport-McRoran significantly.
Jubilee Metals Group (LON:JLP) is a global, diversified metal recovery company that operates world-class projects, ensuring a positive impact on the environment and its stakeholders.
