CEMAC zone: recession could reach 6% according to BEAC

All the indicators are certainly not red. But most of the economic indicators in the six countries of the Economic and Monetary Community of Central Africa (CEMAC) are already found the Monetary Policy Committee (CPM) of the Bank of Central African States (BEAC) at the end of the second annual session on June 24, 2020 in Yaoundé.

Analyzing the situation in Central Africa, it emerges that in the short and medium terms, the CEMAC zone is affected by the health crisis and the fall in the prices of the main export products. "

"In the first half of 2020, the revival of productive activities was slowed down in the sub-region by the disruption of supply circuits for imported products as well as by the restrictive measures adopted by the various governments to contain the effects of the pandemic. Although it is premature for the moment to fully grasp the impact of COVID-19 on national economies, it is already anticipated during this first semester a drop in production as well as a det…

Achieving climate targets with renewable energy will require 500% more minerals by 2050

Production of minerals such as graphite, lithium and cobalt will need to increase by 500% by 2050 to meet the growing global demand for clean energy. This is the main information in the report "Minerals for Climate Action: The mineral intensity of the clean energy transition" published by the World Bank.
Achieving climate targets with renewable energy will require 500% more minerals by 2050

According to the study, it will take more than 3 billion tonnes of minerals and metals to put in place the solar, wind and geothermal infrastructure necessary to reach the goal of limiting global warming to less than 2 ° C. However, experts say, the carbon footprint of extracting these materials will represent only 6% of greenhouse gas emissions from fossil energy technologies for an equivalent amount of energy.

The report also highlights the important role that mineral recycling and reuse can play in meeting growing demand. This contribution will certainly be important for minerals such as copper or aluminum that can be 100% recycled, but it will not be sufficient.