The Paris Agreement sets a global framework to prevent dangerous climate change by limiting global warming to levels well below 2°C and continuing efforts to limit it to 1.5°C. Today, more and more countries are aiming for zero emissions by 2050.

According to IRENA, to meet the 1.5°C target and be carbon neutral, it is expected that there will be around 1.8 billion electric vehicles (EVs) in circulation by 2050, almost 200 times more than currently.

The growing demand for electric vehicles and the minerals needed to make motors and batteries is one of the biggest challenges for the industry worldwide. In accordance with IHS MarkitDemand for copper is expected to increase further in the coming years as electric vehicles require two and a half times more copper than combustion engine vehicles.

Copper, according to the International Energy Organization, is considered the cornerstone for all technologies related to electricity. It is a metal that is used in almost everything around us, such as extending power lines, laying new cables in renewable energy sources, electrifying existing devices and cars, etc.

This moment creates a historic opportunity for Greece, as our country’s subsoil is rich in minerals. A significant percentage of it mineral wealth The country is located in Northern Greece, namely in NE Chalkidiki, where the value of the total reserves is estimated at 72 billion euros. Thus, Greece has the opportunity to become one of the most important producers of copper and gold at the international level.

For example, in the mines of Kassandra, which the company operates and develops. Greek gold and, in particular, in a world-class porphyry deposit Skouries has proven reserves of 740,000 tons of copper and 3.6 million ounces of gold..

The modern Skourion mine, which is currently half completed and will soon resume construction, is estimated to average 140,000 ounces of gold and 67 million pounds of copper over its lifetime (~20 years). basis, creating appropriate conditions for the further development of the Greek economy.

Skouries will become a new source of supply for European industry and will contribute to the self-sufficiency and sustainability of the European supply chain for critical raw materials such as copper. Practically, this means that Skouria’s work will play a key role in Europe’s transition to green energy.laying the foundation at the same time, so that V Greece claims one of the first positions in gold mining on the Old Continent.

At the same time, the full development of the Kassandra mines will bring significant benefits both nationally and locally, as creation of a total of 5,000 direct And indirect jobsAnd tax revenues for the Greek state more than 2 billion dollars from taxes and fees. At the same time, it is assumed that the cost of purchases from Greek suppliers will be more than 4 billion dollarsat the same time, during the existence of the mines, they will be invested $80 million for corporate responsibility programs to develop programs and implement development projects that will benefit exclusively the local economy and contribute to the long-term development of the region.