Dear Reader,

19%.

That’s all the copper we have...all the known reserves in the world...compared to what we need to make the transition to renewable energy.

Where’s the other 81%?

No one knows.

You think I’m joking. I couldn’t be more serious. And yet, Australia has signed an agreement that commits us all to net zero carbon emissions by 2050.

This agreement has been signed despite having just 19% of the copper we need to make all the transition cables, grid-scale batteries, electric vehicles, heat pumps, wind turbines and everything else needed to switch us to renewables in time.

That’s why this controversial new video report concludes that net zero cannot possibly happen.

Maybe the rest of the copper will magically appear.

That’s what they seem to be banking on.

After all, there doesn’t seem to be a plan for finding and extracting the almost four BILLION tonnes of copper we need for this energy transition. That’s over and above the 900 million tonnes that we know about.

And it isn’t just copper. There are massive shortfalls in virtually ALL of the key commodities needed for the transition to renewable energy.

Wait until you see the figures for cobalt, nickel and lithium.

I’m not saying we don’t know where all of this stuff is buried...

I’m saying we don’t even know that it exists.

And yet — I say again — we’ve signed up to switch over to a form of energy that relies on digging up huge quantities of these very metals and minerals.

It’s the craziest, most ill-thought-out policy decision of our lifetime.

And that’s not even the half of it.

Pour yourself a stiff drink...then click here: NOT Zero.

Sincerely,

James Woodburn,
Publisher, The Daily Reckoning Australia