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Pictet Asset Management
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- 1Energy transition shifts rather than ends resource dependency▼The # energy transition does not eliminate dependency – it transforms its nature, chart @PictetAM
A new chart from Pictet Asset Managers argues that the shift away from fossil fuels does not remove dependence on critical resources, but changes its nature – from oil and gas suppliers to suppliers of minerals, materials and clean-energy technologies such as lithium, cobalt and rare earths. Analysts are weighing what this means for energy security and geopolitical risk as countries electrify.