Brief #116—Environment
By Todd Broadman
The Biden Administration has recognized what previous administrations have not: that carbon-based energy has been destroying our planet and must stop, that greenhouse gas emissions must be reduced to net zero by 2050. Recognition is a major step forward. Government action to replace our fossil fuel economy with renewables is a colossal task and one that Biden aims to tackle.
What we know is that carbon-free energy is actually more mineral intensive than its oil-based counterpart. There are some 35 rare earth minerals that are key components to making the transition from fossil-fuels to clean energy. Lithium has recently garnered much attention for its essential role in the production of lithium-ion batteries that power our next generation of EV cars. (Other essential minerals include aluminum, cobalt, copper, and nickel).