Germany's Ministry of Economy has announced the plans of a group of companies within the country's automotive industry to develop a 'passport' that traces the environmental impact of European batteries. BMW, Umicore and BASF are some of the organisations involved in this effort.
The consortium of 11 partners received €8.2m (about £6.9m) of funding to develop a common taxonomy and set of standards for gathering and disclosing this data, something that could soon become mandatory under European Union (EU) regulations.
Later this year, the European Commission is set to discuss a proposal to ensure that battery producers disclose the carbon footprint and content of recycled materials of all rechargeable electric vehicle, light transport and industrial batteries sold in Europe from 2024, and comply with a CO2 emissions limit from 2027.
By 2030, the EU would require all batteries to use a minimum share of recycled cobalt, lithium, nickel and...