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RENEWABLE ENERGY





























                            Countries to profit                       billion (A$13 billion) government post-pandemic
                            Finland and Portugal are two countries in a position   bailout of the car sector.
                            to profit from this policy shift. Finland already has
                            all the raw materials needed to produce the power
                            packs they need in a sustainable manner. It is the  Green critics
                            only European country with cobalt mines, although   The plan is not without its critics.
                            others have untapped reserves: Spain, Sweden,
                            and possibly Cyprus, Slovakia, Austria, Czech Re-  Green pressure group the European Environmental
                            public, Germany, Italy and Poland. One of its mines   Bureau (EEB) warned that “simply opening the flo-
                            uses “a unique and energy-efficient way to extract   od gates to new mining projects would contradict
                            metals with about 40 per cent less greenhouse   the Commission’s ambition to keep resource con-
                            gas emissions and 20 per cent less energy con-  sumption within planetary boundaries, as set out in
                            sumption than the average for nickel production”,   the circular economy action plan.”
                            according to an EU report.
                                                                      “What we need is more efficient, recyclable and du-
                            Finland, which opened a lithium-ion battery assem-  rable batteries produced from responsibly sourced
                            bly plant in 2019, also aims to be carbon neutral   materials to alleviate the burden on the planet,”
                            by 2035, a target shared by Sweden and Norway.   said its resource efficiency expert Jean-Pierre
                            A €5.8 billion (U$ 9.42 billion) project called BAT-  Schweitzer.
                            TRACE will guarantee the supply chain sustaina-  Friends of the Earth Europe denounced the stra-
                            bility credentials of these raw materials going into   tegy as “a desperate plunder for raw materials –
                            battery production,                       seemingly at any cost” and warned that the plan
                            coordinated by the Technical Research Centre of   risks “gifting industry further influence over policy-
                            Finland (VTT) and Geological Survey       making”.
                            of Finland.
                                                                      The Commission has said it wants to use its Hori-
                            “If it was possible to trace the production chain of   zon Europe R&D funding stream to clean up mining
                            battery materials from the battery        and production processes, but unfortunately its
                            plant  all  the  way  to  the  mine,  certification  could   budget has been slashed in 2021-2027.
                            be given to sustainably produced batteries,” said
                            VTT’s Päivi Kinnunen. “This would give mines and
                            metal refineries with responsible operating practi- Car industry must go electric
                            ces a competitive advantage, which would encou-  to receive bailouts
                            rage the European production chain to develop
                            and grow.”                                As part of their bailouts for the sector, which has
                                                                      suffered catastrophic collapses of sales due to the
                            Sweden’s Northvolt company has recently begun   pandemic,  Spain,  Germany  and  France  are  obli-
                            construction of a battery “Gigafactory”, and gone   gating their carmakers to increase electric vehicle
                            into partnership with aluminium producer Hydro to   production; Spain will churn out at least 700,000
                            take the usable components from old batteries and   per year. They are also giving motorists incentives
                            recycle them.                             to either buy a cleaner car or trade in their old mo-
                                                                      del for a new one.
                            France is also constructing a battery factory in the
                            south  west.  Its  Renault  and  Citroen  automotive   EVs’ prices will continue to fall as the costs of bat-
                            companies have been obligated to join the Battery   teries decline. According to Bloomberg NEF’s Elec-
                            Alliance if they want to receive their part of an €8   tric Vehicle Outlook, electric car and combustion



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