Battery Scale-Up Required to Support Paris Agreement

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A recent World Economic Forum report found that, in the right conditions, battery technologies could reduce emissions in the transport and power sectors by 30% - enough to hit the 2°C Paris Agreement target.

GlobalData’s power technology writer Scarlett Evans says: “Finding and popularising low-carbon energy sources has rapidly become a global priority, and the World Economic Forum (WEF) report was created with this mission in mind. Presenting a case for battery investment, the report identifies the industry as possibly ‘the most significant’ intervention in meeting the Paris temperature targets and, if coupled with other technologies, capable of setting a course to achieve the 1.5C goal. “The stage is set for batteries to see widespread... ... More: Official Press Release GobalData

Keywords:

Paris Agreement, temperature, battery, scale-up, storage, renewable energy, emission, sector, transport, power, value chain, costs