A scenario-based outlook for macroeconomics, heavy industry and key metals – linking climate pathways to costs, competitiveness and supply–demand dynamics.
CRU's Climate Change Scenarios report provides a scenario-based outlook for macroeconomics, heavy industry and key metals. It connects transition risk and physical climate risk to the market forces that matter most – policy and regulation, carbon pricing, clean technology adoption and investment cycles – helping decision-makers in financial services, mining, metals and industrial sectors understand how different climate pathways could reshape commodity markets and value chains.
Download the report to explore three scenarios, their macroeconomic impacts, and the consequences for industrial production and metals value chains, with specific context for copper, aluminium, steel and fertilizers.
What the report covers
- Climate change scenario narratives to support strategic planning and risk assessment.
- Macroeconomic impacts across scenarios – GDP, industrial production, inflation and interest rates.
- Commodity-market implications for heavy industry and key metals.
- How climate pathways affect costs, competitiveness and value chains.
- A framework linking climate scenarios to commodity fundamentals over time.
