Net-Zero 2050: Unleashing Cobalt’s Potential for the EU’s energy transition and competitiveness

Tuesday, 19 November 2024 | 16:00 - 17:30 CET | Radisson RED Hotel, Rue d’Idalie 35, Ixelles, Brussels

Cobalt is critical for achieving the EU’s sustainable growth, energy transition and competitiveness. Key sectors - EV batteries, aerospace, defence and consumer electronics - will increase cobalt demand three-fold by 2050, driven by the global commitment to achieve the energy transition. Fully unlocking cobalt’s potential to help deliver a net-zero future urgently demands significant capital deployment and new production capacity, together with policies incentivizing demand, competitiveness, and recycling.

The net-zero transition will require three times more cobalt and over $1.7 billion of new investment, as well as effective government policies that incentivize demand, competitively grow supply, and prioritize recycling.

The Cobalt Institute and BloombergNEF expert panel will discuss how cobalt and critical raw materials support the EU’s climate goals, its industrial strategy, and its long-term competitive edge. With the EU’s new priorities for 2024-2029 as a backdrop, the discussion will focus on how strategic use of critical metals can inform EU policy, drive the green transition, and ensure that Europe maintains its industrial competitiveness.

The discussion will be based on the ground-breaking “Cobalt 2050” study – first for any energy transition metal – developed by BloombergNEF for Cobalt Institute. The study offers in-depth scenarios for cobalt demand through 2050, demonstrating its role in the decarbonization of the EU economy and the path to net-zero.

Confirmed panellists:

Dinah McLeod, Director General, Cobalt Institute
Ellie Gomes-Callus, Metals and Mining Associate, Bloomberg NEF
Peter Handley, Founder, Phase32

More to be announced soon.

Please note that this event is in-person only and it will not be live-streamed.

Organised by the Cobalt Institute

Media Partner: Euractiv

Find out more.