Bordoff: 2040 mineral revenue will pale in comparison to oil and gas
Jason Bordoff · The Big Switch: Are Batteries the New Oil? · Apr 11, 2024 · at 35:26
Jason Bordoff, founding director of Columbia's Center on Global Energy Policy, compares the economic scale of critical battery minerals against the global oil and gas industry.
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“The IA's one of the IA's scenarios that gets you sort of close to 1.5 degrees, if not all the way, has critical mineral revenue growing from forty one billion in 2019 to two hundred and sixty three billion by 2040. Again, that's not all the way to 1.5, maybe 1.7 or eight. By comparison, annual revenue from oil and gas This year is over seven trillion dollars”
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