Dave123
Well-Known Member
The World Economic Forum is looking to reduce global reliance on critical metals as nations look to make the transition to renewable energy supplies, and one proposal is reducing ownership of private vehicles.
"This transition from fossil fuels to renewables will need large supplies of critical metals such as cobalt, lithium, nickel, to name a few," the forum said in a report earlier this month. "Shortages of these critical minerals could raise the costs of clean energy technologies."
The international lobbying organization based in Switzerland has proposed three solutions for lowering the costs of critical metals used in everything from cellphones and electric vehicles to wind turbines and efficient lighting.
The forum noted that even with recycling initiatives in place mineral mining is expected to increase by 500% by 2050.
"More sharing can reduce ownership of idle equipment and thus material usage," the group argued, pointing to statistics that show the average vehicle in England is driven "just 4% of the time."
Vehicle sharing initiatives like "Getaround" and "BlueSG" have become increasingly popular around the world and are key in reducing the number of cars and electronics needed globally, the forum argued.
https://www.foxbusiness.com/economy...uce-private-vehicles-by-eliminating-ownership
"This transition from fossil fuels to renewables will need large supplies of critical metals such as cobalt, lithium, nickel, to name a few," the forum said in a report earlier this month. "Shortages of these critical minerals could raise the costs of clean energy technologies."
The international lobbying organization based in Switzerland has proposed three solutions for lowering the costs of critical metals used in everything from cellphones and electric vehicles to wind turbines and efficient lighting.
The forum noted that even with recycling initiatives in place mineral mining is expected to increase by 500% by 2050.
"More sharing can reduce ownership of idle equipment and thus material usage," the group argued, pointing to statistics that show the average vehicle in England is driven "just 4% of the time."
Vehicle sharing initiatives like "Getaround" and "BlueSG" have become increasingly popular around the world and are key in reducing the number of cars and electronics needed globally, the forum argued.
https://www.foxbusiness.com/economy...uce-private-vehicles-by-eliminating-ownership