Categories: Energy Stocks
Topics: Investing in Energy

The Secret Weapon in the Climate Fight

Climate change is one of the biggest threats we face as a society. The daily headlines are sure to remind us of that. 

Most of those headlines offer doomsday scenarios and a pessimistic outlook that there’s little that can be done. We often hear about the worst effects of it, the things that are being done to make it worse, and why it seems like nothing will change. 

If it bleeds, it leads, as they say. 

What often doesn’t make headlines when it comes to the effects of climate change are pieces of news that might offer some hope that we’re actually on the right path. But such a piece of news was released last week. 

The International Energy Agency recently released a report that stated that demand for coal, oil, and natural gas will likely peak before 2030. This is an agency that represents countries that make up over 80% of global energy consumption, so it has a pretty good handle on just how things might go. 

The report reiterated that we need to reach net-zero emissions by 2050 and limit global warming to 1.5 degrees Celsius to avoid the worst effects of climate change. Even though emissions have been rising, advances in clean energy technology have kept the possibility that we’ll get there open. 

The main issue is that we need to pick up the pace from where it is today. 

We’ll likely spend $1.8 trillion on clean energy this year, but that number needs to be around $4.5 trillion by the early 2030s. The fortunate news is that renewable energy costs continue to decline. Because of that, and the urgency of the situation, countries are stepping up their efforts to get away from fossil fuels. Countries all over the globe are setting records for deploying green technology to help fight climate change. 

It goes beyond banning the sales of combustion engine cars and includes reworking infrastructure to include more wind and solar power. These, it’s argued, will be some of the biggest drivers of emissions reductions globally.

The nations have the tools to put these things into place, but power grids need to be able to support these changes, so countries still have a lot to do to meet the goals set. 

The seriousness of the situation is known, so it’s just a matter of whether the will is there to put these changes in place. 

The fact that countries are meeting and agreeing to spend on green technologies is one good sign. Likewise, there is a growing amount of attention being paid to how artificial intelligence can be used in the climate fight. 

In short, there are going to be a lot of different technology-related solutions to help solve this problem, which means we’ll need the raw materials to power them. 

Chief among those is copper, known for being one of the best conductors of electricity around. 

That’s why it plays such a key role in any electronic device you can name. In the fight against climate change, it’s going to be needed for things like electric car batteries and solar panels, among other things. 

It’s an unprecedented surge in demand for a metal that’s already so widely used that supply is having a hard time keeping up. So the price is only going to climb at a time when copper is needed now more than ever. 

What many people don’t know is that there is a massive stockpile of copper right here in North America, just waiting to go to market. It’s sitting in a pile of waste rock that was pulled from the ground long ago. It’s been sitting there because the cost to extract it was more than what it would’ve made on the market. One company came up with a chemical solution that can pull the copper out of that rock at a price that can easily turn a profit. 

With how much copper there is, this is going to be one of the best ways to profit from the world’s fight against climate change. 

Learn all about how this company operates and why it’s set to benefit from the surging demand for copper. When the companies that need copper come calling, this company and its investors will be among the biggest winners.

Ryan Stancil
Editor, Daily Profit Cycle