A new report from PricewaterhouseCoopers (PwC) outlines serious risks to global semiconductor production associated with climate change. By 2035, around 32% of production may face copper supply disruptions, significantly impacting the industry.
Climate Change Threat to Semiconductor Industry
According to PwC, the threat to semiconductor production may increase to 58% by 2050 if greenhouse gas emissions are not controlled. The semiconductor industry, currently valued at about $650 billion, is projected to surpass $1 trillion by 2030.
PwC's Recommendations for Climate Adaptation
Glen Burn, PwC's global semiconductor leader in South Korea, emphasized that semiconductors are essential for modern technology. He urged immediate action to manage supply risks, including those linked to climate change.
Expected Decline in Copper Supply
The International Energy Agency (IEA) also predicts a 30% decline in copper supply by 2035 unless actions are taken. IEA's executive director, Farih Birol, noted that prompt government action, such as recycling copper and substituting it with other metals, could mitigate the expected shortfall.
The PwC report highlights the growing threat of climate change to critical sectors like semiconductor production. Without adequate adaptation and risk management measures, the global economy could face serious challenges in the future.
