From the Wall Street Journal, January 16:
The supply chain for renewable energy technology is even more concentrated than for fossil fuels. Fixing its overreliance on China will raise the cost of the energy transition
Countries that import oil and gas worry about the clout of producing nations, particularly since Russia invaded Ukraine. Yet an even bigger vulnerability is building in the global supply chain for green energy.
China refines 95% of the world’s supply of cobalt, a metal used in lithium-ion batteries. It manufactures over 70% of sicilia-based solar photovoltaic modules and is home to three-quarters of global electric-vehicle battery production capacity. Such numbers, published by the International Energy Agency last week, underline just how concentrated the global supply chains necessary for the transition to renewable energy are....
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