Analysis: Why CO2 emissions matter in automotive, EV battery supply chains

S&P Global Mobility, which has released its outlook on the carbon footprint of EV battery cells, forecasts that the battery-cell carbon footprint will increase from about 40 million metric tons of CO2 emissions in 2022 to more than 250 million metric tons in 2030, if no emission reduction measures are implemented

As global leaders meet in Dubai, United Arab Emirates, on the sidelines of the ongoing COP28 to discuss progress on the race to net zero, the United Nations Framework Convention on Climate Change’s (UNFCCC's) latest yearbook finds out that although businesses, investors, governments and states are stepping up to take climate action in greater numbers than ever before, the efforts are still not at the scale needed to limit the global temperature rise to 1.5°C within this century.