Fiches info

Metals will play a central role in successfully building Europe’s clean technology value chains and meeting the EU’s 2050 climate-neutrality goal. In the wake of supply disruptions from the COVID-19 pandemic and Russia's invasion of Ukraine, Europe’s lack of resilience for its growing metals needs has become a strategic concern. This study evaluates how Europe can fulfil its goal of “achieving resource security” and “reducing strategic dependencies” for its energy transition metals, through a demand, supply, and sustainability assessment of the EU Green Deal and its resource needs . It concludes that Europe has a window of opportunity to lay the foundation for a higher level of strate- gic autonomy and sustainability for its strategic metals through optimised recycling, domestic value chain investment, and more active global sourcing. But firm action is needed soon to avoid bottlenecks for several materials that risk being in global short supply at the end of this decade.

A novel methodology is developed to dynamically assess the energy and material investments required over time to achieve the transition from fossil fuels to renewable energy sources in the electricity sector. The obtained results indicate that a fast transition achieving a 100% renewable electric system globally by 2060 consistent with the Green Growth narrative could decrease the EROI of the energy system from current ~12:1 to ~3:1 by the mid-century, stabilizing thereafter at ~5:1. These EROI levels are well below the thresholds identified in the literature required to sustain industrial complex societies. Moreover, this transition could drive a substantial re-materialization of the economy, exacerbating risk availability in the future for some minerals. Hence, the results obtained put into question the consistence and viability of the Green Growth narrative.