Batteries are everywhere, in your phones, laptops and soon they will power your car. They are an integral part of transforming the entire automotive and industrial energy storage.
🔋 Through transition to renewables, the growth of energy storages needs will bring about a 14.6% growth in the global battery market by 2026.
🚫 But if we rapidly mine critical and scarce metals such as lithium, nickel, cobalt, manganese, palladium, and other battery minerals to accelerate the move to battery powered transition, emerging countries and marginalised communities could be left out of the energy transition benefits and riches.
Analyst from Foreign Policy, Cobus Van Staden argues that rapid, unregulated mining threatens “to replicate one of the most destructive dynamics in global economic history" - the systematic extraction of raw commodities, that, in the past, has left a trail of environmental degradation, human rights violations, and semi-permanent underdevelopment across the global south.
🔆 Start-ups are already transforming recycling of battery minerals and its supply chain with industry-leading technological improvements. Just the push we need for an equitable energy transition. Li-Cycle’s innovation can help recycle upto 95% of the minerals used, while Green Li-ion’s technology works to fully rejuvenate the battery cathode.
More on critical human rights aspects that surround current methods resource mining here 👉🏼 https://lnkd.in/dr4DAmpB
Picture source: Michael Robinson Chavez / The Washington Post via Getty Images
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This is a very important issue thank you for highlighting it!