In the race to save the world from global climate change, every country is scrambling to out legislate the next. And force new green technology into existence. Whether you believe in manmade global warming or not, it’s time to sit up and take notice. There’s still time to get in on the ground floor of this game changing technological wave.
The European Union (EU) just signed a landmark deal aimed at saving the world from greenhouse gasses.
And according to Herman Van Rompuy, the president of the European Council, it’s the most ambitious climate change agreement ever reached.
Legislation such as this has the potential to drive prices of rare strategic metals skyward, because the technology used to power this revolution demands more of these hard to get metals. So besides the organic growth of technology, we now have governments forcing further consumption.
According to a recent report by the BBC, the leaders of the EU just agreed to cut greenhouse gas emissions by 40% by 2030.
In summary, Friday October 24th, after long, heated discussions, at the summit of Brussels, the leaders of the EU reached a decision on sweeping climate change legislation. Ed Davey, the UK’s Energy Secretary, called the deal a historic moment.
Before reaching this agreement, only five countries in the EU had emissions targets beyond 2020. Now, that number has risen to 28. The EU was on target to decrease their CO2 emissions by 20% by 2030. Now they are aiming at 40%.
The deal is ambitious, but doesn’t go far enough, according to environmentalists and scientists
However, most are heralding it as a good compromise and starting point between environmentalist goals, and countries with a strong reliance on coal
Because 40% is only a starting point, many see it as a first step. And expect more stringent goals and legislation going forward. Ed Davey says, “Europe has sent a clear and firm message to the world that ambitious climate action is needed now.”
An 80% cut in Greenhouse Gasses by the EU is necessary by 2050.
As ambitious as this deal is, it’s unreachable according to experts in the UN. Worse, by 2050, the EU says emissions need further cuts. The BBC reported a spokesperson for Climate Commissioner Connie Hedegaard says by 2050, emissions will need to decrease by 80-95%.
This creates continued tensions between the scientists, environmentalists, and politicians pushing the global warming agenda, and leaders hesitant to force more changes during poor economic times. And between countries committed to reducing emissions up to 50% such as the UK and countries like Poland who rely on coal.
Regardless of how far compromises go, increased legislation and cooperation on these issues are certain. And…
Once you add this new legislation to what’s already happening in the metal industry – for example, dysprosium and rhenium joining the FANYA exchange, and Pratt & Whitney purchasing a quantity equal to 50% of the world’s rhenium for the next 10 years – you see the explosive potential of strategic metals.
The EU may lead the way, but China, the US, India and most other large economies are taking huge leaps towards regulating green technology into existence.
Swissmetal Inc’s (SMI) Emerging Technology basket has five metals vital to maintaining this growth (rhenium, dysprosium, niobium, germanium, and silver) and most other technological innovations going forward. For example, dysprosium is crucial for use in the motors of electric and hybrid vehicles.
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In conclusion, whether you believe in manmade global warming or not, it’s obvious the green agenda is moving forward. The green technology needed to drive this innovation will further cut strategic metal’s availability, and send prices even higher.