The Announced Pledges Scenario (APS) assumes that governments will meet, in full and on time, all of the climate‐ related commitments that they have announced, including longer term net zero emissions targets and pledges in nationally determined contributions (NDCs). The APS is associated with a temperature rise of 1.7 °C in 2100 (with a 50% probability).
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Global rare earth element demand for cleantech worldwide 2021-2040
Global rare earth element (REE) demand for clean technologies amounted to ** thousand metric tons in 2023. Under the Announced Pledge Scenario, the global demand for REEs for clean technology applications is projected to quadruple by 2040, to some ** thousand metric tons. As of 2023, China was the world's largest producer of REEs by a large margin.
REEs are a subset of critical minerals used in the production of key clean energy transition technologies including wind turbines, electric vehicles, solar panels, and energy storage systems.
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IEA. (April 30, 2024). Demand for rare earth element for making clean technologies worldwide in 2021 and 2023, with an outlook for 2030 and 2040 (in thousand metric tons) [Graph]. In Statista. Retrieved October 11, 2026, from https://www.statista.com/statistics/1549592/rare-earth-element-demand-for-cleantech-worldwide/
IEA. "Demand for rare earth element for making clean technologies worldwide in 2021 and 2023, with an outlook for 2030 and 2040 (in thousand metric tons)." Chart. April 30, 2024. Statista. Accessed October 11, 2026. https://www.statista.com/statistics/1549592/rare-earth-element-demand-for-cleantech-worldwide/
IEA. (2024). Demand for rare earth element for making clean technologies worldwide in 2021 and 2023, with an outlook for 2030 and 2040 (in thousand metric tons). Statista. Statista Inc.. Accessed: October 11, 2026. https://www.statista.com/statistics/1549592/rare-earth-element-demand-for-cleantech-worldwide/
IEA. "Demand for Rare Earth Element for Making Clean Technologies Worldwide in 2021 and 2023, with An Outlook for 2030 and 2040 (in Thousand Metric Tons)." Statista, Statista Inc., 30 Apr 2024, https://www.statista.com/statistics/1549592/rare-earth-element-demand-for-cleantech-worldwide/
IEA, Demand for rare earth element for making clean technologies worldwide in 2021 and 2023, with an outlook for 2030 and 2040 (in thousand metric tons) Statista, https://www.statista.com/statistics/1549592/rare-earth-element-demand-for-cleantech-worldwide/ (last visited October 11, 2026)
Demand for rare earth element for making clean technologies worldwide in 2021 and 2023, with an outlook for 2030 and 2040 (in thousand metric tons) [Graph], IEA, April 30, 2024. [Online]. Available: https://www.statista.com/statistics/1549592/rare-earth-element-demand-for-cleantech-worldwide/
