Decarbonisation improves energy security for most countries
A pivot from fossil fuels to clean energy technologies by 2060 would improve energy security and reduce trade risks for most nations, according to a new study. Lithium, nickel, cobalt, copper, and rare earth elements are among the prized materials for countries and corporations racing to secure supplies for energy systems that do not add greenhouse gases to our atmosphere. Unlike fossil fuels, natural reserves of these materials are most concentrated in the Global South, shuffling the geopolitics of energy and global trade. “For most countries in a net-zero emissions system in the future, trading off the reduced dependence on imported fossil fuels and increased dependence on these new materials is actually a win for energy security,” explained Steve Davis, the study’s senior author and a professor of Earth system science in the Stanford Doerr School of Sustainability. The impact of decarbonisation on oil-rich nations Even for the United States, which has some of the world’s largest fossil fuel reserves but only a sliver of critical mineral deposits, decarbonisation could boost energy security, especially if …