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The aid will incentivise the production of relevant technologies for the transition towards a net zero economy
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European Commission President Ursula von der Leyen has emphasised the need for additional manufacturing capacity and secure access to critical minerals for a green transition
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The new ‘one million phones for the planet’ programme aims to support a circular economy and Vodafone’s 2040 net zero emissions goal
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It will initially serve the polyurethane industry to make foams for insulation and mattresses, protective coatings, sealants and adhesives
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It is expected to improve the resilience of the UK’s supply chain for critical minerals, which are essential for manufacturing products such as EV batteries and wind turbines
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By 2026, the automotive industry could account for half of global cobalt demand
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New research suggests demand for raw materials and rare earth metals could surge by 500% in order to deliver the low carbon technologies needed to decarbonise
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It will use blockchain technology to digitally verify the movement of raw materials and assess the carbon footprint of its supply network
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