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BNEF: producing battery materials in the DRC could lower supply-chain emissions and add value to the country’s cobalt

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Automakers in Europe can lower their emissions by shortening the transport distance and capitalizing on the DRC’s hydroelectric powered grid and proximity to raw materials. This is three times cheaper than what a similar plant in the US would cost. —Kwasi Ampofo, lead author of the report and BNEF’s head of metals and mining.

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For just a little more than half that amount, we could fund a fifty-fold increase in spending on R&D for the kind of game-changing technological breakthroughs—like smart grids, ultra-efficient batteries or even cheap, manageable fusion—we will need to end our addiction to fossil fuels. Scenario No. 2: Joint Venture (JV).

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BNEF: producing battery materials in the DRC could lower supply-chain emissions and add value to the country’s cobalt

Perspective: Why Carbon Emissions Should Not Have Been the Focus of the UN Climate Change Summit and Why the 15th Conference of the Parties Should Have Focused on Technology Transfer

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