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The Supply Chain to Beat Climate Change Is Already Being Built

Bloomberg · David Fickling · last updated

If your guide to the future is governed purely by the direction of commodity prices, 2022 is the year global ambitions to tackle climate change came crashing to a halt. 

European natural gas is nearly 18 times as expensive as it was at the same point in 2019, supposedly proving that nothing will be able to slake the unquenchable thirst for hydrocarbons. Meanwhile, lithium carbonate is about 4.6 times as costly, which is taken to prove the opposite lesson: that lithium-ion batteries are too dear to support the world’s energy needs.

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