Several metals will play a critical role in the transition to a zero-carbon economy. Imbalances between supply and a growing demand for these metals could arise. In order to assess these imbalances, Miller et al (2023) estimate the demand for metals induced by the NGFS climate scenarios and outline the potential implications in terms of macro-financial vulnerabilities.

SUERF Policy Brief, No 582. Stéphane Dees (Banque de France), Simon Dikau (London School of Economics and Political Science (LSE), Hugh Miller (LSE), and Romain Svartzman (Banque de France).

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