Prices for key minerals used in clean energy technologies dropped in 2023, but new IEA analysis shows need for greater and more diversified investment to support efforts to reach energy and climate goals.
The most common type of batteries, those based on lithium-ion, have typically been associated with consumer electronics. Rechargeable Batteries are crucial in the Energy transition with their ability to maintain a balance between supply and demand within the power system.
Connecting 250 million people to electricity would open private sector investment opportunities in distributed renewable energy alone worth $9 billion. For the World Bank Group to connect 250 million people, $30 billion of public sector investment will be needed.
It comes in the wake of the historic inclusion of nuclear energy in the Global Stocktake agreed at the UN Climate Change Conference (COP28) in Dubai in December 2023
With the growing demand for copper, there is all indication that Uganda can take a share of billions of dollars if Uganda revived copper production and processing