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Monday, November 25, 2024

COP26: EVs Aren't as Green as You Think. The Supply Chain Is Carbon-Intensive - Bloomberg

Last updated Wednesday, November 3, 2021 18:30 ET , Source: NewsService

As the world focuses on the COP26 global climate summit in Glasgow, the dawn of the electric vehicle era is sure to be touted as a major solution to a severe emissions problem. What few policy makers and business leaders seem to acknowledge, though, is just how dirty a process making these cars has become.

The transport sector is responsible for almost a quarter of direct carbon-dioxide emissions from burning fuel. Of that, passenger cars account for 45%. The challenge goes beyond what comes out of the tailpipe: Every step of making a vehicle’s 20,000 to 30,000 parts, which involves several thousands tons of aluminum, steel and other materials, produces emissions.

EVs were supposed to be the answer to this. But while cleaner cars may eventually solve the tailpipe emissions problem, they don’t address all the damage done to the environment while making them. Compared with traditional internal combustion engine, or ICE, vehicles, greenhouse gases released while manufacturing battery-electric cars account for a higher portion of life-cycle emissions. As the EV hype gains momentum, battery production and research is powering ahead and sales are growing. That means material emissions are going to rise to more than 60% by 2040 from 18% today, according to consultancy firm McKinsey & Co.

“The importance of supply chain decarbonization cannot be ignored,” Greenpeace noted in a report published this week, which examines car companies’ commitments and actions. “Accounting for...



Read Full Story: https://www.bloomberg.com/opinion/articles/2021-11-03/cop26-evs-aren-t-as-green-as-you-think-the-supply-chain-is-carbon-intensive

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