Abstract
The net-zero carbon emission mission raised by UNFCCC accelerated the already looming shortage of various key metals in the construction of renewable energy facilities, such as copper for the construction of solar panels. Using basic econometric tools through Stata, this paper studied the effect on copper prices related to the net-zero campaign, aiming at both establishing the validity of such an effect and quantifying its scale. Relevant data from FRED demonstrates that this effect drives up copper price at a high significance level and quantifies it to be 2440.636 USD per metric ton. This effect also seems to be lagging into future periods, and a staggered events analysis suggests that the growth in copper price due to the net-zero campaign will decelerate in the near future. Potential flaws are discussed, and several valid and valuable future research directions are also raised.
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