Bank of America has doubts about achieving carbon neutrality goals by 2050
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Targets to achieve carbon neutrality by 2050 will be difficult to achieve due to limited resources – in particular, the global shortage of essential metals, as well as rising inflation and declining profitability of green projects. This is stated in the review of Bank of America (BofA), which was reviewed by Vedomosti.
Investment bank analysts have identified 22 metals needed for “future technologies” such as electric vehicles and renewable energy sources (RES). “Scarcity of these commodities could be an obstacle to achieving carbon neutrality by 2030 in all markets [этих] metals are predicted to be in short supply,” the review says.
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