A conservative cost put the clean energy transition at $1.7 trillion needed for mining of copper, cobalt, lithium and other rare earth and exotic metals and minerals.
This transition will supposedly fuel electric vehicles (EVs) being cheaper than gasoline and diesel vehicles by 2027, and electric SUVs cheaper by 2026, according to BloombergNEF.
Additionally, the International Energy Agency (IEA) in a new report found renewable installations for energy to electricity “soared to 280 GW globally in 2020, up 45% from 2019,” with “renewables (solar and wind) accounting for 90% of global electric capacity installations in 2021 and 2022.”
These are major reasons why the Biden administration is set to approve the first large-scale offshore wind farm, “an 800-megawatt project off the coast of Massachusetts.”
Unknown to the U.S. President this wind farm installation will lead to wrecking a beautiful coastline over enormous land and ocean/sea requirements for renewables, and increased emissions since renewables have to be backstopped by fossil fuels or zero-carbon nuclear when the sun doesn’t shine and the wind doesn’t blow.
For the rest of this article: https://www.eurasiareview.com/14052021-will-the-us-mine-for-rare-earth-and-exotic-minerals-oped/