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At the simplest level, the brown-to-green (B2G) transition involves moving from an energy system that is fossil fuel and carbon-emission intensive to one that is not, and whose critical inputs include more sustainably produced metals and materials. That means moving from a world centred on the requirement for continuous combustion of non-renewable, carbon-emitting energy sources - in power plants, for buildings, in industry and for transport – to a world where we harness a range of renewable, low or zero carbon-emission energy sources for those same end applications. To complement the change in the narrow energy system, the world may also adopt complementary behavioural changes and technological strategies, such as the circular economy and carbon dioxide removal (CDR), to reduce primary demand and to help tackle the toughest residual greenhouse gas emissions.

There is considerable uncertainty as to the precise combination of factors that will eventually achieve the B2G transition: but we have every confidence that the call on the metals and materials complex is likely to be immense.

Simply put, huge new value chains are rising, with a common upstream source: metals and materials.

We have partnered with BlackRock, the world’s largest asset manager**, to dissect the broad suite of challenges and opportunities that the B2G transition will entail for the metals and materials industries, while drawing out pertinent investment considerations. We share a core belief that while the energy transition is not without its physical, logistical, technological, behavioural and policy making challenges, the opportunities across the global economy are enormous.

Allocators of capital can profitably accelerate change, in our view, by rewarding B2G leaders and providing the right mix of incentives for the laggards to go faster.

For the full paper published by BlackRock , please click the below link.

see & read more on
https://www.bhp.com/news/prospects/2023/09/the-brown-to-green-b2g-transition-the-multi-decade-thematic-for-metals-and-materials