November 2, 2022
Net Zero by 2050 is “possibly the greatest challenge humankind has ever faced”
Net Zero by 2050 is “possibly the greatest challenge humankind has ever faced”. 🌏
The supply-chain risks to the successful delivery of this project are well-documented and the opportunity for technologies which will help bridge supply constraints is enormous.
Time To ACT is building an infrastructure to generate and drive value from this immense global opportunity. 📈
Meeting Net Zero: Eight major supply chain issues:
1️⃣ Investment of USD $1Tn a year needed to achieve 2030 climate goals.
2️⃣ Production of renewable energy must at least triple from today’s 290 GW per year to more than 1 TW per year by mid-2030s.
3️⃣ 70% of Rare Earth Minerals are controlled by China. China controls 85-90% of the Rare Earth processing sector.
4️⃣ Up to 8TW of additional renewable capacity required by 20301
(2021: c.3TW)
5️⃣ Global Fuel Cell market size is projected to grow from USD 3.36bn in2021 to USD 28.95bn in 2028 – CAGR of 36%
6️⃣ Existing wind turbine technology uses radial-flux generators, which are reliant on Rare Earth Magnets
7️⃣ Global Clean Energy Technologies market size expected to grow to USD 423.7bn by 2026 (so new investment is needed)
8️⃣ OREAC forecasts 1,400GW achievable by 2050 – a crucial component in achieving Net-Zero (so will capacity become an issue)?
Who are we? Time To ACT supports the global transition to Net Zero through the development and commercialisation of world-beating clean technologies.
Find out more at https://timetoactplc.com/
#netzero #energy #rareearthelements #security #cleantech #offshorewind #renewables #leadership #team #renewableenergy #cleanenergy
