Tuesday 7 March 2023

UK and Canada agree deal on EVs and solar

UK and Canada agree deal on EVs and solar

The UK and Canada have agreed a deal to work together on solar panels and electric vehicles (EVs).

The nations have vowed to work in tandem on critical minerals such as cobalt and lithium that are used in these two green technologies.

Demand for these minerals is expected to rise by 500% by 2040, with consolidation of supply deemed critical in preparation for this shift in the market.

Canada represents the UK’s 13th largest export partner – with £14.1 billion worth of exports reaching the Atlantic nation last year.

Business and Trade Minister Nusrat Ghani and Canadian Minister of Natural Resources Jonathan Wilkinson signed the agreement together.

Mr Ghani said: “Through this dialogue, we will work with one of our closest global allies in Canada to build and strengthen our supply chains and boost innovation, securing jobs and growing the UK economy in the process.”

Mr Wilkinson added: “By collaborating on the development of the critical mineral supply chains that we need to achieve our net zero future, we can reinforce global energy security, advance the fight against climate change and ensure significant economic opportunity and support good jobs on both sides of the Atlantic.”

Written by

Bruna Pinhoni

Trending Articles