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One of the downside scenarios, according to the report, is that tighter financial conditions combined with further weakening of emerging market growth could lower global output by as much as 2 percent.

Prof Smil’s answer is that we need to think about “rational futures of moderated energy and material use”. As he admits, though, it is hard to see any political leaders being prepared to offer their citizens less and less in the future; particularly not in emerging economies where billions are hoping to come closer to developed world lifestyles.

As the adoption of electric vehicles becomes more prevalent, an emerging trend is the utilization of larger on-board chargers, requiring charge connector assemblies with higher rated current capacity.

The cost of these metal thefts is estimated to be around £220 million. This figure however is merely the direct cost of the tangible items stolen and does not take into consideration the cost of infrastructure downtime, loss of business productivity through power outages or even the problems that can be caused to hospitals or other emergency services if they lose power through stolen cable.