About
Climate crisis is at an inflection point
Source: The New York Times
Successful mitigation of global greenhouse gas emissions will rely on coordinated development and implementation of technological solutions; of which lithium-ion renewable batteries will play a central role. Currently the ecosystem is fragmented, requiring more transparent support at the raw material level; or fails to meet the green reduction needed.
Paris Agreement commitments require action
European
Solution
Solution
Investment and growth demanded at all value chain levels
Disparity between investment and capacity growth at battery manufacturing is driving a major localised supply deficit for lithium chemical materials. More targeted support is required to establish production expansion and security of localised, sustainable raw and chemical lithium materials.
“We are 100% dependent on lithium imports. The EU, if finding the right environmental approach, will be self-sufficient in a few years, using its own resources”
Thierry Breton
[EU commissioner 2021]
EU potential