Are batteries the key to a sustainable future?

Those pledges include tripling global renewable energy capacity by 2030, doubling the rate of energy efficiency improvements, and facilitating the transition away from fossil fuels. Batteries have an essential role to support of the goal of tripling the installed capacity of renewables worldwide.

Are batteries a key role in energy transitions?

Batteries are set to play a leading role in secure energy transitions. They are critical to achieve commitments made by nearly 200 countries at COP28 in 2023. Their commitments aim to transition away from fossil fuels and by 2030 to triple global renewable energy capacity and double the pace of energy efficiency improvements.

Who wrote the IEA special report on batteries & secure energy transitions?

I would like to thank the IEA colleagues who worked on this special report on Batteries and Secure Energy Transitions for their excellent and insightful analysis – under the leadership of Laura Cozzi, Director of Sustainability, Technology and Outlooks, and lead authors Brent Wanner and Apostolos Petropoulos.

What does the EU critical raw materials ACT mean for batteries?

As battery demand rises, the EU Critical Raw Materials Act sets 2030 targets to make the battery supply chain more secure. The Net Zero Industry Act aims to ensure that 40% of the demand for certain clean energy technologies, including charging infrastructure and batteries, is met by 2030 from production sites located in the European Union.

Why is battery use growing in Africa?

Battery use is also growing in emerging market and developing economies outside China, including in Africa, where close to 400 million people gain access through decentralised solutions such as solar home systems and mini-grids with batteries in order to achieve universal access by 2030.

How should EVs and battery storage be regulated?

Establish clear and stable regulatory frameworks that define the role of EVs and battery storage in the energy transition. This involves clarifying the role over time of these technologies in the context of clean energy transition plans and emissions reduction targets.