CHARTS: EV battery metals bill sets new low as lithium, nickel, cobalt price slump continues
The raw materials bill for the average EV is now down to $510 compared to a peak of more than $1,900 at the beginning of last year.
The Minerals Council of Australia issued a communiqué this week in response to a report on coal-fueled power generation.
For the organization, it is important that the resource industry understands the importance of implementing carbon capture and storage solutions.
According to the MCA, Australian business and industry are actively working on pathways to net zero emissions
The Council’s statement follows the publication of BP’s Statistical Review of World Energy, which shows that coal generation is now the highest it has ever been – increasing 6.24% over the past two years, which represents 38% of all electricity generation. At the same time, 200,000 MW of new coal-fired generation capacity is under construction globally.
“Global energy demand and the growth of coal in the Asia-Pacific remains critical to securing baseload power across the region.” Tania Constable, the group’s CEO, said in the media brief. “The global emissions trend means the ongoing development and cooperation in our region on carbon capture use and storage is more important than ever.”
According to Constable, Australian miners in her organization support a measured transition to a low-emission global economy and, in their view, carbon capture use and storage or CCS is the only clean technology capable of
“CCS has been working safely and effectively for 45 years. There are now 18 large-scale facilities in commercial operation around the world and complementing investments in renewables,” Constable said. “A least-cost approach to reducing greenhouse emissions is critical to ensuring Australian businesses and families and our energy trading partners continue to have access to affordable, reliable and sustainable supplies.”
2 Comments
François Lebel
Canada’s CO2 Solutions inc. currently has by far the best technology not only to capture the industrial CO2 emissions but also to convert them into value added products such as bio-fuel: https://co2solutions.com/en/
D.Wade
I am not sure if Tania Constable & I live on the same planet earth. Has she not heard how critical the situation on my earth is? I have no idea where these massive CCS plants that have been beavering away for 45 years are. I find it most strange that Drax Power station is still piloting a working, highly advanced method of removing CO2 from flue gases with no harmful gases or effluent storage. To my knowledge no other CCS capable of equalisiing existing effluent output exists. As to storing another 200,000MW’s worth of waste gases from stations burning burning any grade coal: it is not the decarbonising of new filth that we want but the cleaning of what we have got.
I sincerely hope that on Tania’s planet earth, the children and grand children will be able to survive the rubbish she peddles. May God forgive you.