Global Battery Alliance
Long term ambition
To ensure that the battery value chain is socially responsible, environmentally and economically sustainable and innovative.
Context
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By 2025, the battery market will reach $100 billion, primarily driven by the growing global stock of electric vehicles. However, this growth comes at a social and environmental toll
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Raw materials needed for batteries are linked to social and environmental issues
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No scaled systems are in place to enable re-use and recycling of over 11 million tons of the spent lithium-ion batteries forecast to be discarded by 2030
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Innovation potential remains unexploited along the value chain, holding back greater supply chain transparency, business model and technological innovation
Objectives
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Support responsible and sustainable supply chains of key raw materials
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Accelerate the transition towards a circular economy for batteries
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Support collaboration to unlock innovation along the value chain
Project description
With respect to circular economy pillar in the Alliance:
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The circular economy market and its potential evolution over time will be assessed in a scoping study (by early 2019)
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Opportunities to lower repurposing and re-use costs for batteries will be assessed (e.g. standard-setting, establishing a framework to help address regulatory and liability challenges)
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Barriers to recycling of electric vehicle battery will be quantified and a public-private pilot launched to test scalable solutions
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A portable electronics collection pilot is being scoped to test how materials can be recovered more efficiently