{"id":144192,"date":"2022-08-16T00:46:49","date_gmt":"2022-08-16T05:46:49","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2022\/08\/why-a-looming-copper-shortage-has-big-consequences-for-the-green-economy"},"modified":"2022-08-16T00:46:49","modified_gmt":"2022-08-16T05:46:49","slug":"why-a-looming-copper-shortage-has-big-consequences-for-the-green-economy","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2022\/08\/why-a-looming-copper-shortage-has-big-consequences-for-the-green-economy","title":{"rendered":"Why A Looming Copper Shortage Has Big Consequences For The Green Economy"},"content":{"rendered":"<p><\/p>\n<p><iframe loading=\"lazy\" title=\"Why A Looming Copper Shortage Has Big Consequences For The Green Economy\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/6LBC8ntzgIA?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p>Copper prices have surged in 2021. The base metal remains in high demand, much thanks to its need in green energy projects and electric cars. In May 2021, commodities analysts at Goldman Sachs called copper \u2018the new oil.\u2019 That\u2019s because electric cars need several times more copper than their gas-powered counterparts. And power grids getting electricity from wind, solar and hydro sources also need copper\u2014much more than the industry is currently producing. Here\u2019s how copper became so important to the world economy and the green energy revolution.<\/p>\n<p>\u00bb Subscribe to CNBC: <a href=\"https:\/\/cnb.cx\/SubscribeCNBC\">https:\/\/cnb.cx\/SubscribeCNBC<\/a><br \/> \u00bb Subscribe to CNBC TV: <a href=\"https:\/\/cnb.cx\/SubscribeCNBCtelevision\">https:\/\/cnb.cx\/SubscribeCNBCtelevision<\/a>.<\/p>\n<p>About CNBC: From \u2018Wall Street\u2019 to \u2018Main Street\u2019 to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.<\/p>\n<p>Connect with CNBC News Online.<br \/> Get the latest news: <a href=\"https:\/\/www.cnbc.com\/\">https:\/\/www.cnbc.com\/<\/a><br \/> Follow CNBC on LinkedIn: <a href=\"https:\/\/cnb.cx\/LinkedInCNBC\">https:\/\/cnb.cx\/LinkedInCNBC<\/a><br \/> Follow CNBC News on Facebook: <a href=\"https:\/\/cnb.cx\/LikeCNBC\">https:\/\/cnb.cx\/LikeCNBC<\/a><br \/> Follow CNBC News on Twitter: <a href=\"https:\/\/cnb.cx\/FollowCNBC\">https:\/\/cnb.cx\/FollowCNBC<\/a><br \/> Follow CNBC News on Instagram: <a href=\"https:\/\/cnb.cx\/InstagramCNBC\">https:\/\/cnb.cx\/InstagramCNBC<\/a><\/p>\n<p>Why a looming copper shortage has big consequences for the green economy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Copper prices have surged in 2021. The base metal remains in high demand, much thanks to its need in green energy projects and electric cars. In May 2021, commodities analysts at Goldman Sachs called copper \u2018the new oil.\u2019 That\u2019s because electric cars need several times more copper than their gas-powered counterparts. And power grids getting [\u2026]<\/p>\n","protected":false},"author":662,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39,1497,17,1491],"tags":[],"class_list":["post-144192","post","type-post","status-publish","format-standard","hentry","category-economics","category-energy","category-sustainability","category-transportation"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/144192","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/662"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=144192"}],"version-history":[{"count":0,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/144192\/revisions"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=144192"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=144192"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=144192"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}