A rapid acceleration of battery uptake among the global transport and power sectors could slash their collective annual emissions by 30% by 2030, a new report has concluded. For this reduction in emissions to be delivered – which would notably align the two sectors with the Paris Agreement’s 2C trajectory – the report’s author body, the Global Battery Alliance, claims that the global battery value chain would have to expand to 19 times its current size over the next 11 years. The Global Battery Alliance states in the report, entitled ‘A Vision for a Sustainable Battery Value Chain in 2030’, that $550bn of cumulative investments would be needed to realise this growth and that such investments would need to be spread across the entirety of the battery value chain, from mineral extraction to waste management. Key investment areas touted in the report are integrating batteries at grid-scale, increasing the productivity with which batteries are used and creating a circular economy for end-of-life batteries.
Edie 24th Sept 2019 read more »