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and political-industrial collaboration central to EU’s lithium ion battery strategy","esg-and-political-industrial-collaboration-central-to-eus-lithium-ion-battery-strategy","article/esg-and-political-industrial-collaboration-central-to-eus-lithium-ion-battery-strategy",{"_uid":557,"date":558,"tags":559,"editor":563,"content":573,"excerpt":675,"featured":50,"reporter":676,"_editable":680,"component":681,"seo_title":553,"categories":682,"visibility":689,"author_company":49,"featured_image":690,"seo_description":675,"author_full_name":49,"author_job_title":49,"formattedDate":695,"formattedArticleDate":696},"e32f9ab3-9a85-4b38-a8be-8a3f3a0fe017","2021-01-08 00:00",[560],{"slug":561,"name":562},"europe","Europe",[564],{"slug":565,"name":566,"content":567},"didi-bostock","Didi Bostock",{"job_title":568,"image":569,"bio":571,"linkedin":572},"Editor - Energy Transition & Economics",{"filename":570},"https://a.storyblok.com/f/287943243085208/512x512/2c5ca5c1a3/didi-bostock.jpeg","Didi is the Energy Transition & Economics Editor at Benchmark, covering a broad range of markets across the energy transition. His remit spans from downstream sectors such as BESS and EVs, through to midstream such as new technologies and battery production, to upstream critical minerals mining. He also leads on financial analysis across these supply chains, alongside in-depth policy analysis.\n","https://www.linkedin.com/in/didi-bostock-656342198/",{"type":574,"content":575},"doc",[576,583,588,593,598,603,608,613,620,625,630,635,640,645,650,655,660,665,670],{"type":577,"attrs":578,"content":579},"paragraph",{"textAlign":49},[580],{"text":581,"type":582},"The European Commission’s (EC) proposal to update to its existing battery legislation, outlined in December, is set to form a part of the European Union’s (EU) Green New Deal and focus on creating more sustainable batteries produced within and sold into the EU.","text",{"type":577,"attrs":584,"content":585},{"textAlign":49},[586],{"text":587,"type":582},"However, with the EU already facing an uphill climb to meet its growing electric vehicle ambitions, the extra hurdle of sustainability, which is necessary to ensure the clean energy transition remains clean, will add to the challenges of scaling up battery production on the continent.",{"type":577,"attrs":589,"content":590},{"textAlign":49},[591],{"text":592,"type":582},"Discussing the legislation Vice-President for Interinstitutional Relations Maroš Šefčovič said: “The Commission puts forward a new future-proof regulatory framework on batteries to ensure that only the greenest, best performing and safest batteries make it onto the EU market. This ambitious framework on transparent and ethical sourcing of raw materials, carbon-footprint of batteries, and recycling is an essential element to achieve open strategic autonomy in this critical sector and accelerate our work under the European Battery Alliance.”",{"type":577,"attrs":594,"content":595},{"textAlign":49},[596],{"text":597,"type":582},"The proposed regulations would develop an EU framework for quantifying the carbon footprint of batteries, which would see lithium ion cells sold in the EU requiring a carbon footprint declaration from July 2024 onwards.",{"type":577,"attrs":599,"content":600},{"textAlign":49},[601],{"text":602,"type":582},"These regulations would then become more stringent from January 2026, with electric vehicle (EV) batteries needing to show a carbon intensity performance label and from July 2027 onwards having to comply with carbon footprint thresholds.",{"type":577,"attrs":604,"content":605},{"textAlign":49},[606],{"text":607,"type":582},"Anticipating the growth in EV battery cell demand this decade, which Benchmark’s Lithium ion Battery Database forecasts will increase 23x in Europe between 2020 and 2030, the legislation also proposes a formal threshold for battery recycling to come into effect at the start of the 2030s.",{"type":577,"attrs":609,"content":610},{"textAlign":49},[611],{"text":612,"type":582},"Beginning in January 2027, batteries in the EU will also have to declare the content of recycled cobalt, lithium and nickel. From 2030 onwards this will see minimum requirements for some recycled battery materials: 12% cobalt, 4% lithium and 4% nickel. By 2035, this would increase to increase to: 20% cobalt, 10% lithium and 12% nickel.",{"type":614,"attrs":615,"content":617},"heading",{"level":616,"textAlign":49},4,[618],{"text":619,"type":582},"Developing the EU’s supply chain",{"type":577,"attrs":621,"content":622},{"textAlign":49},[623],{"text":624,"type":582},"The latest move to modernise the EU’s battery regulations reflects the rapid changes the industry is undergoing.",{"type":577,"attrs":626,"content":627},{"textAlign":49},[628],{"text":629,"type":582},"It also builds on the EU’s recent efforts to support the buildout of Europe’s battery supply chain through efforts such as the European Battery Alliance (EBA). The EBA has already played a key role in major supply chain developments to date, such as the European Investment Bank’s (EIB) €350 million funding in Northvolt’s Skellefteå megafactory in Sweden.",{"type":577,"attrs":631,"content":632},{"textAlign":49},[633],{"text":634,"type":582},"Backing from both the French and German governments was also critical to the PSA Group and Total joint venture that established the 40GWh of capacity in the pipeline in France and Germany last year.",{"type":577,"attrs":636,"content":637},{"textAlign":49},[638],{"text":639,"type":582},"Needless to say, political and industrial collaborations over the past 2 years have put Europe on track to become the world’s second lithium ion hub after China. Data from Benchmark’s Lithium ion Battery Megafactory Assessment shows that it has 16 megafactories in the pipeline for 2029, with 503.2 GWh of capacity set to be online in that time.",{"type":577,"attrs":641,"content":642},{"textAlign":49},[643],{"text":644,"type":582},"However, while investment has been flowing into Europe’s cell capacity, and to a lesser extent cathode capacity, it’s evident that Europe’s upstream supply chain is ill prepared to meet its future cell requirements.",{"type":577,"attrs":646,"content":647},{"textAlign":49},[648],{"text":649,"type":582},"The continent has a number of battery raw material projects under development – but to date investment into these projects has not been sufficient to develop sustainable supply. The establishment of the European Raw Materials Alliance indicates the EU’s desire to support this buildout, but this is yet to translate into significant upstream developments.",{"type":577,"attrs":651,"content":652},{"textAlign":49},[653],{"text":654,"type":582},"It’s worth noting that even if Europe’s raw material projects under development came online, the EU would still need to look outside of its borders to source its battery raw materials from the ground.",{"type":577,"attrs":656,"content":657},{"textAlign":49},[658],{"text":659,"type":582},"The EU’s efforts to develop its own recycling capacity, while important for the sustainability of the battery supply chain, therefore also recognise the raw material risks the continent faces – something it hopes to alleviate in the future.",{"type":577,"attrs":661,"content":662},{"textAlign":49},[663],{"text":664,"type":582},"With its new sustainability targets, the EU is looking to incentivise the buildout of its supply chain by promoting localisation and domestic battery recycling capacity. This supports the efforts to minimise the battery supply chain’s footprint while also supporting the EU’s strategic effort to develop an advantage in raw material sourcing in the long-term.",{"type":577,"attrs":666,"content":667},{"textAlign":49},[668],{"text":669,"type":582},"By defining recycled raw material requirements and formalising the display of carbon footprints it is also outlining the future standards required of tier 1 battery producers looking to supply the EU’s EV market.",{"type":577,"attrs":671,"content":672},{"textAlign":49},[673],{"text":674,"type":582},"However, despite its long-term thinking Europe’s OEMs and governments still face near-term raw material shortages throughout the 2020s that will be critical to meet growing EV demand.","The European Commission’s (EC) proposal to update to its existing battery legislation, outlined in December, is set to form a part of the European Union’s (EU) Green New Deal and focus on creating more sustainable batteries produced within and sold into the EU. However, with the EU already facing an uphill climb to meet its […]",[677],{"slug":565,"name":566,"content":678},{"job_title":568,"image":679,"bio":571,"linkedin":572},{"filename":570},"\u003C!--#storyblok#{\"name\": \"article\", \"space\": \"\", \"uid\": \"e32f9ab3-9a85-4b38-a8be-8a3f3a0fe017\", \"id\": \"\"}-->","article",[683,686],{"slug":684,"name":685},"batteries","Batteries",{"slug":687,"name":688},"geopolitics","Geopolitics","private",{"id":49,"alt":691,"name":691,"focus":691,"title":691,"source":691,"filename":692,"copyright":691,"fieldtype":693,"meta_data":694,"is_external_url":51},"","https://a.storyblok.com/f/287943243085208/c71059049a/bm-european-commission-flags-e1649948622413.jpg","asset",{"alt":691,"title":691,"source":691,"copyright":691},"Jan 08, 2021","8th January 2021",[],[],1792773937799]