Battery manufacture must take a global leap forward to ensure a sustainable and just transition | Sustainable Procurement News | Scoop.it

The global battery market is surging. By 2040 the global energy storage market is projected to attract $620 billion of investment. Over the past decade, the rechargeable lithium-ion battery market doubled on average every three years. To cope with this growth, we need the development of a sustainable and low-carbon value chain for batteries in order to contribute to the implementation of the 2015 Paris Climate Agreement, says Martin Brudermüller, Chairman of the Board of Executive Directors and Chief Technology Officer, BASF and Benedikt Sobotka, CEO of Eurasian Resources Group.