Will Copper,

really replace oil?

apparently yes, not exactly as a new source for energy, but the material will be crucial in decarbonization and in producing more renewable energy sources, copper has the physical attributes needed for creating, storing and distributing clean energy from the wind, sun and geothermal sources, as Business Insider details:

"Discussions of peak oil demand overlook the fact that without a surge in the use of copper and other key metals, the substitution of renewables for oil will not happen,' the economic report by Goldman Sachs stated,

copper will be needed to create the new infrastructure systems required for clean energy to replace oil and gas, however there has not been enough of a focus on this so far according to the report, demand will significantly increase, by up to 900% to 8.7 million tons by 2030, if green technologies are adopted en masse, the bank estimates. Should this process be slower, demand will still surge to 5.4 million tons, or by almost 600%, copper is a key part of sustainable technologies, including electric vehicle batteries and deriving clean energy. As the deadline of the Paris Agreement comes closer, political and economic pushes towards renewable energy and green technology are becoming stronger the demand for copper will continue to grow, so where can I buy shares in a copper mine? image via Business Insider.