Huge investment needed for new energy drive, BloombergNEF says

At least $14 trillion must be invested in the electricity grid worldwide by 2050 to support new energy usages, research consultancy BloombergNEF reported on Tuesday February 23.

The drive to upgrade the grid could spur demand for a wide range of metals and industrial minerals. “The transition to electric heating and transport is driving up electricity demand, while the tremendous growth of wind and solar [power generation]...

Published

William Clarke

February 25, 2021

17:35 GMT