Source: World Economic Forum
Author: Winnie Yeh
The world is hungry for resources to power the green transition. As we increasingly look to solar, wind, geothermal and move towards decarbonization, consumption of minerals such as cobalt, lithium and copper, which underpin them, is set to grow markedly. One study by the World Bank estimates that to meet this demand, cobalt production will need to grow by 450% from 2018 to 2050, in pursuit of keeping global average temperature rises below 2°C.
The mining of any material can give rise to complex environmental and social impacts. Cobalt, however, has attracted particular attention in recent years over concerns of unsafe working conditions and labour rights abuses associated with its production.
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