A PwC report has revealed that over 70% of critical minerals essential for the net zero transition, such as copper, cobalt, and lithium, could face significant drought risks by 2050 under a high emissions scenario. The study highlights that even under a low emissions scenario, significant portions of the production of these minerals and key food crops will still be at risk. This has prompted 47% of CEOs to focus on safeguarding their workforces and assets from climate risks. PwC urges businesses to enhance supply chain resilience, capitalize on adaptive products and services, and collaborate with governments and communities to mitigate climate impacts. The report underscores the urgent need for comprehensive climate action to protect global production and support the transition to a sustainable economy.
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