World Economic Forum

Global Battery Alliance

The Global Battery Alliance seeks to catalyse, connect and scale-up efforts to ensure that the battery value chain is socially responsible, environmentally and economically sustainable and innovative.

The battery market is set for exponential growth. By 2050, batteries will power an electric vehicle market worth $2 trillion. Meanwhile, global cumulative energy storage deployments may grow more than thirty-fold, attracting $620 billion of investment and reaching a cumulative size of 942GW by 2040. The expansion of battery storage into the world’s energy and transport systems could be a game-changer in the fight against climate change.

Batteries are a core technology enabling the transformative shift to decarbonize energy and transport systems. By signing the 2015 Paris climate agreement, nearly 200 governments agreed to limit global warming to well below 2°C compared to pre-industrial levels, with the aim to halt global warming at an increase of 1.5°C or less. According to the Intergovernmental Panel on Climate Change, limiting global warming to 1.5ºC would require rapid, far-reaching and unprecedented changes in all aspects of society. Batteries are a key enabler of this transformation.

However, without deliberate intervention, the potential of batteries to support sustainable development and climate change mitigation is undermined by its own value chain.

  • Battery production has been linked to dangerous working conditions, poverty and other social and environmental concerns in raw material supply chains
  • Battery production is linked to a high carbon footprint and the lifecycle impacts depend on the carbon balance of the energy mix is use with batteries. Moreover, standards and regulation are not in place to enable low transaction costs for battery repurposing, reuse and recycling at the end of their life – all of which undermines the contribution of batteries to climate change mitigation and resource efficiency
  • Batteries could be better harnessed to support one billion people globally who remain in need of access to modern electricity and the use of batteries in various applications. Innovative partnerships are required to unlock this positive potential of batteries

Action is required today to develop a sustainable backbone of the energy and transport systems of tomorrow.

The Global Battery Alliance seeks to offer a platform to catalyse, connect and scale-up initiatives so that the value chain can be transformed towards powering sustainable development and climate change mitigation. If properly designed the value chain could play a big part in positively affecting people’s lives by realizing the alliance’s three strategic objectives:

  • Build stable and transparent raw material supply chains characterized by good working conditions and shared prosperity
  • Develop the circular and low-carbon value chain that is required to unlock the capacity of batteries to contribute to the realization of the 2015 Paris climate agreement
  • Support the innovative use of batteries to bring electricity and productivity enhancements to one billion people in low- and middle-income countries

Vision

That batteries power sustainable development.

Mission

The Alliance's mission is to foster:

  • Insight - facilitate the generation, mapping, and pooling of information
  • Collaboration - promote informed dialogue and wide-ranging collaboration
  • Action - catalyse, accelerate, and scale-up action

Action

The Global Battery Alliance is made up of over 50 members that seek to catalyse, connect and scale-up efforts to ensure that the battery value chain is socially responsible, environmentally and economically sustainable and innovative.

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