Are Critical Mineral Supplies Threatening the Progress of Renewable Projects?

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Written By Jennifer Joslyn

⛏️ Are Critical Mineral Supplies Threatening the Progress of Renewable Projects?

According to a report by insurance provider WTW, the progress of renewable energy projects is being hindered by downstream supply chain risks and the increasing costs of critical minerals. The demand for these minerals is expected to surge by up to 500%, while challenges such as human rights abuses, lack of infrastructure, and skilled labor shortages further complicate the supply chain. Rising commodity prices, material shortages, and longer lead times are making renewable energy projects less economically viable in the short term.

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Jennifer Joslyn
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