The barrel and the battery: oil, lithium and the energy transition

A look at today’s energy mix provides a sobering reminder that oil, gas and coal continue to dominate the global energy system (see Figure 1).

Oil reigned supreme throughout the 20th century (reaching its peak in the mid-1970s) and while its share in the energy mix has fallen by 20% over the past 50 years, on an absolute level, oil consumption has grown year-on-year (see Figure 2).

This is an important consideration when discussing the ‘energy transition’ – a byword for achieving a net-zero energy system by 2050.

‘Energy transitions’ are not new. The world has . . .


Login to continue reading!

This article is restricted to Benchmark Membership subscribers.

Login

Not subscribed yet?

To subscribe or to find out more about Benchmark Membership click here or fill in the form below and a member of our team will be in touch with you as soon as possible.