World Finds it Difficult to Meet Energy Demands by 2050
Gold Rush in Clean Tech Expects Major Investments on the Metal in 2024
By Shubhendra Anand , 24 December, 2024
Climate change is trying to engulf the world economy in 2024. It possesses specific challenges for green energy transformation. Investment is an essential aspect of clean energy transition. Significant funding is required to transform the energy sector entirely. Therefore, investors try to tackle the downward momentum of the financial industry. The global economy faces several challenges due to clean energy transformation that must be addressed in 2024. There are significant changes with the latest trends and technologies in the tech sector, too. Surveys in 2024 show that Gold is vital in combating the changing industrial and tech landscape. Thus, experts consider Gold an essential metal that strengthens the economy.
The environmental sector will go through specific changes in 2024 globally. The clean energy transition in the energy sector drives a nation's economy. Research on Gold's decarbonization and carbon profile is attracting much attention in the 2024 economy. Gold is a valuable metal offering a band of security against uncertainties. Based on a survey conducted by the World Gold Council shows that Gold's carbon footprints are minimal compared to other assets. Hence, it shows that investing in Gold can result in better outcomes later. Since the durability of Gold is longer, experts claim that investment in Gold will result in a circular economy.
Gold is likely to gain momentum in the financial sector with the progress of the clean energy transition. There is an increasing demand for Gold in the renewables production units. Gold is used in solar panels and wind turbines. Gold's catalytic properties also help facilitate faster conversion processes in renewable applications. Gold comprises several benefits in its different applications. Hence, Gold is a valuable metal for economic growth.
Gold proves to be the most valuable asset to support the economy in 2024
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Shubhendra Anand
Head Research
