KETEP 세계에너지시장정보

One of the more well-known efforts in the battery industry is the Battery Passport in Europe. This global reporting framework governs the rules around measurement, auditing, and reporting of environmental, social and governance (ESG) parameters across the battery value chain.  It evolved from the Circular Economy Initiative Germany and had 11 consortium partners from industries across science, technology, and more. This three-year project started in 2022 and is expected to enter the first quarter of 2025. The Battery Passport has significantly impacted the battery industry and has helped spur battery recycling to become more commercially adopted in domestic regions.

Another notable legislative body of work was the Inflation Reduction Act (IRA), passed into law in August 2022 in the United States. The purpose of the IRA was to attempt to de-risk investments into the battery supply chain, grow critical value-added areas, and reduce the reliance on foreign sources of critical minerals and battery processing.