Europe May Lose The Energy Transition Race Before It Really Begins ...Middle East

In a recent report titled Global Energy Perspective 2022, consultancy McKinsey said it expected wind and solar to become a sort of baseload generation capacity as soon as 2030. The report also had a lot of praise for the technological advances that had allowed the cost of wind, solar, EVs, and battery storage to fall substantially over the past few years  What that report didn’t say was that the “baseload scenario” will only materialize in the presence of a sufficient supply of raw materials. As a front-runner in the transition…

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