The need for urgent and more intensive actions against climate change is broadly accepted and batteries are set to play a key role in reducing carbon emissions. Batteries are the major near-term driver to decarbonise road transportation and support the transition to a renewable power system. This will play a key role in reducing emissions enough to keep the average global temperature rise below 2°C, which is the global agreement adopted at the Paris summit of the UN Framework Convention on Climate Change.
The World Economic Forum identified 10 actions to develop a circular battery value chain, accelerate sustainable business and technology development, and improve responsibility in the value chain. One of these actions is “to ensure consistent performance and transparency based on established sustainability norms and principles along the value chain to improve the social, environmental and economic performance of batteries.” In order to achieve this, there must be some sort of end-to-end traceability system in place.
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