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The race between warring powers to secure access to strategic minerals could contribute to price pressures and increase the cost of the climate transition. Broadly speaking, new trade barriers in commodity markets have doubled since Russia’s invasion of Ukraine as producers impose restrictions on transportation. Critical minerals used in manufacturing, whether electric vehicles (EVs), solar panels, or wind turbines, are highly vulnerable to the most severe trade restrictions. Drifting into opposing trade blocs could significantly delay the energy transition.
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Oficina Barcelona
C. Roger de Llúria, 113 4º
08037 Barcelona
93 004 75 17
info@empresaclima.org