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In line with this, the EU has set a target of producing at least 40% of the products it needs for "net-zero" technologies, such as solar power or fuel cells, by 2030. About €23 trillion of this investment would come from redirecting investments that would otherwise have funded carbon-intensive technologies. This amounts to roughly 25% of the annual GDP of the EU. The Mining and Metals industry would need to take decisive action to achieve the EU's climate goals, and stakeholders would need to address several hurdles to accelerate the transition. To meet climate targets, the industry must develop and commercialise new low-CO2 technologies within the next 5-10 years.
David Pearce | Principal Mining Engineer, SRK Consulting (UK)
David Pearce | Principal Mining Engineer, SRK Consulting (UK)