
(UN Environment, 2018)
This article is brought to you based on the strategic cooperation of The European Sting with the World Economic Forum.
Author: Jane Burston, Managing Director, Clean Air Fund
We need to scale up existing low-carbon technologies at a much faster rate – otherwise population growth will continue to outpace investment in renewables, and fossil fuels will continue to dominate. We cannot, however, keep asking for more from technologies that have proved successful to-date. The International Energy Agency (IEA) highlights that only three of twenty-six low carbon innovation areas – solar PV and onshore wind, energy storage and electric vehicles (EV) – are mature, commercially competitive and on track to deliver their share of the climate objectives set out at the 2015 Paris Climate Conference. It is unlikely we can squeeze more out of these three technology areas than is currently projected. Solar PV and onshore wind are intermittent, so need to be used in conjunction with energy storage or other forms of power generation. The high-energy-density batteries that are used for both storage and EVs are causing concern around whether the supply of raw materials needed to manufacture them will be able to keep pace with their rapid uptake. According to BNEF, graphite demand is predicted to skyrocket from just 13,000 tons a year in 2015 to 852,000 tons in 2030, and the production of lithium, cobalt and manganese will increase more than 100-fold. This is already creating pressure on supply chains and prices – and on the people working in these mines, often in incredibly poor conditions.
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