84% of Companies Are Doubling Down on Climate Targets, PwC Reports

Jennifer L
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84% of Companies Are Doubling Down on Climate Targets, PwC Reports

A new PwC report reveals that most companies remain committed to their climate goals. Despite economic uncertainty and shifting regulations, 84% of businesses are maintaining or even accelerating their decarbonization efforts. Only 16% have slowed down or stepped back from their commitments.

The finding challenges the perception that companies are abandoning sustainability goals. Instead, many businesses are quietly making steady progress. The report, which analyzed data from over 4,000 companies, found that climate commitments have grown nine times over the past five years. This trend shows that corporate sustainability is now a long-term focus, not just a temporary trend.

climate commitments PwC report

Let’s uncover other major findings that are relevant for corporate sustainability and net-zero goals.

Climate Goals Drive Financial Benefits 

The report suggests a correlation between investing in sustainability initiatives and financial gains for companies. The report shows that sustainable products earn 6% to 25% more than non-sustainable ones.

This revenue boost comes from growing consumer demand for environmentally friendly options. More people are willing to pay extra for products with lower carbon footprints. They prefer items that use sustainable packaging or are ethically sourced. Businesses that embrace this shift are finding new opportunities for growth and profitability.

But Smaller Companies Join the Decarbonization Movement

Initially, larger corporations were prominent in setting climate targets. However, there is now increasing participation from smaller businesses. The report highlights a significant shift:

  • In 2020, the median revenue of companies setting climate goals was $3.6 billion. By 2024, that number had dropped to $1.3 billion.

Sustainability isn’t just for big companies anymore. Smaller businesses are now making climate commitments, too.

median revenue for companies with climate targets

One major driver of this trend is supply chain pressure. Big companies want their suppliers to act on climate change. This pressure is making smaller businesses cut their emissions. More companies are setting net-zero targets. So, the push to decarbonize will likely reach deeper into supply chains.

The Challenge of Scope 3 Emissions

Scope 3 emissions represent a significant challenge in corporate decarbonization. These are emissions that come from a company’s supply chain and product use, rather than its own operations. They account for the largest share of most businesses’ carbon footprints.

The report shows progress in tackling this challenge. In 2023, only 50% of companies were on track with their Scope 3 targets. In 2024, that number rose to 54%. This is better, but almost half of companies still struggle to manage emissions they can’t control.

Scope 3 emissions covered by climate goals

Reducing Scope 3 emissions requires strong collaboration between companies and their suppliers. Businesses should work together to find cleaner ways to produce, transport, and use products. This is a complex task, but companies that effectively manage Scope 3 emissions may gain a competitive advantage in a low-carbon economy.

What Sets Leaders Apart?

The PwC report highlights four main factors that set top companies apart from those lagging in decarbonization:

  1. Strong Governance. Companies that fully integrate sustainability into their business strategy are more successful in meeting climate goals. This means that leadership teams take climate targets seriously and track progress regularly.
  2. Strategic Funding. Decarbonization requires investment in clean technology, renewable energy, and sustainable practices. Businesses that allocate proper funding to these areas are seeing better results.
  3. Value Chain Engagement. Working closely with suppliers and customers is crucial to reducing emissions beyond a company’s direct control. Businesses that engage their entire value chain are making faster progress on climate targets.
  4. Product Sustainability Focus. Eco-friendly companies focus on product design, low-carbon materials, and sustainable packaging. This helps cut emissions and draws in eco-conscious consumers.

Using these strategies helps companies succeed in the long run and support global climate goals.

Corporate Innovation in Low-Carbon Solutions

Companies are also investing in research and development (R&D) to drive sustainability. According to the report, 83% of businesses are actively investing in low-carbon innovation. This includes advancements in energy efficiency, carbon capture technology, and sustainable product design.

These investments help companies reach their climate goals. They also push the whole industry to make progress. When businesses develop new low-carbon solutions, they set market standards. This encourages competitors to do the same.

The Role of Regulations and Consumer Demand

Government rules are a key part of how companies reduce their carbon output. More countries are making climate laws stricter. They are also adding carbon pricing and incentives for green investments. Companies that act early to comply with these regulations will be better prepared for future policy changes.

There is increasing consumer awareness of climate issues. They want businesses to be more transparent. People want to see how companies cut their carbon footprints. They also want to know if these sustainability claims are real.

The report suggests that companies that do not address climate concerns may face the risk of customer attrition. They may shift to competitors who care more about the environment.

The Path Forward

While progress is being made, companies still have a long way to go in achieving net-zero emissions. Many businesses need to scale up. They also need to improve data tracking and strengthen collaboration across industries.

However, the report makes it clear that corporate decarbonization is not slowing down. Businesses that integrate sustainable practices are better positioned to address climate change. They can also potentially enhance growth, efficiency, and long-term resilience.

The PwC report shows that companies are staying committed to climate goals despite economic and political challenges. Businesses are realizing that sustainability is not just a responsibility—it’s also a smart business strategy. 

How Soccer’s Carbon Footprint Adds Up: A Closer Look at the Global Game Called Football

Jennifer L
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How Soccer’s Carbon Footprint Adds Up: A Closer Look at the Global Game Called Football

Soccer, also known as football, is the world’s most popular sport, with billions of fans and a vast global reach. While football is the commonly used term in most countries, soccer is widely recognized in regions like North America. Regardless of the name, the sport’s environmental impact remains a major concern, and its carbon footprint is growing.

Recent studies, particularly the New Weather Institute report “Dirty Tackle: The growing carbon footprint of football“, estimate that soccer’s total carbon footprint is around 64-66 million tonnes of CO2 equivalent (tCO2e) annually. This is comparable to the annual emissions of Austria and 60% more than those of Uruguay.

Knowing the main causes of soccer’s greenhouse gas (GHG) emissions is key to reducing its impact. So, what are the main culprits of the game’s growing carbon emissions?

The Major Contributors to Soccer’s Carbon Emissions

Here are the top three major sources of the sports’ rising GHG emissions:

CC Football Carbon Footprint March2025_1 (1)

Sponsored Emissions: A Significant Source of Impact

One of the largest sources of football’s emissions is its sponsorship deals with high-carbon industries. The New Weather Institute report shows that 75% of soccer’s carbon footprint comes from sponsorships. This includes high-emitting companies like fossil fuel corporations and airlines. These deals are associated with industries that have high emissions, including frequent air travel and fossil fuel-based transport.

For example, FIFA signed a deal in 2024 with Saudi oil giant Aramco, the world’s largest fossil fuel company. UEFA also has ongoing sponsorships with Qatar Airways and Emirates, both major airline polluters.

GHG emissions associated with major sponsorship deals football
Source: New Weather Institute
  • The 2022 FIFA World Cup had four big sponsorship deals, with associated emissions estimated at over 16 million tCO₂e. Also, the top four European clubs with airline sponsorships added 8 million tCO2e.

RELATED: UEFA’s Green Goals: $7.6M Climate Fund for EURO 2024 Carbon Footprint

Travel Emissions: The Heavy Cost of Mobility

Soccer matches require significant travel, both for teams and spectators. The reports highlight that spectator travel is the biggest contributor to non-sponsorship emissions. Air and car travel make up the bulk of these emissions, particularly for international competitions.

  • One Men’s FIFA World Cup match emits 44,000-72,000 tCO2e, equivalent to 31,500 to 51,500 average UK cars driven for a year.
  • A single English Premier League (EPL) match emits around 1,700 tCO2e, with spectator travel accounting for half of this.
  • Matches in international club competitions increase emissions by 50% due to air travel.
  • The FIFA World Cup, including qualification matches, emitted 6.5 million tCO2e over four years.

Expanding tournaments and increasing international matches contribute to higher emissions. The 2026 World Cup in the U.S., Mexico, and Canada will need a lot of air travel. This will greatly raise emissions from travelling.

football carbon emissions
Source: New Weather Institute

Efforts to promote greener travel among spectators remain insufficient. While some clubs encourage fans to use public transport, overall adoption is low.

Experts suggest that more teams could adopt low-carbon initiatives, such as electric mobility, to reduce emissions. They could offer discounted match tickets for fans who use low-carbon transport.

Stadium Construction: Where Emissions Come From

Stadiums cause a lot of carbon emissions. This happens both during their construction and while they are maintained. The 2022 FIFA World Cup in Qatar saw the construction of new stadiums emitting 270,000 tCO2e per stadium. Major clubs continue to renovate or build new stadiums, adding to their carbon footprint.

World Cup Finals stadium emissions

  • New stadiums for top-tier clubs like Tottenham Hotspur and Brentford resulted in significant emissions.
  • Clubs like Manchester United, Real Madrid, and Barcelona have large stadium expansion projects underway, which will further increase emissions.

Moreover, stadium energy use contributes to ongoing emissions. Many stadiums still use non-renewable energy. They have high electricity use on match days. While some clubs have implemented solar panels and LED lighting, these efforts must be expanded across all leagues.

Green Goals: Are Soccer’s Climate Commitments Enough?

Despite these staggering numbers, soccer’s governing bodies have pledged to curb its carbon footprint. FIFA and UEFA have committed to reduce emissions by 50% by 2030 and reach net zero by 2040. However, some of their actions raise questions about alignment with these commitments.

  • FIFA’s partnership with Aramco has raised discussions about its climate commitments.
  • UEFA’s expansion of the Champions League and FIFA’s decision to increase the World Cup to 48 teams in 2026 are expected to result in higher emissions.
  • Many top clubs continue to sign sponsorship deals with airlines and fossil fuel companies, industries associated with high carbon emissions.

Also, increasing the number of matches in player schedules may also have environmental impacts. Players travel more often, which raises emissions from team transport. 

Notably, the upcoming 2026 FIFA World Cup, to be co-hosted by the U.S., Canada, and Mexico, further stirs environmental concerns. The tournament will expand to 48 teams. This means more travel and better infrastructure are needed. This leads to higher GHG emissions.

The 2026 FIFA World Cup Emissions

In March 2025, U.S. President Donald Trump signed an executive order establishing a task force to oversee preparations for the event. This task force aims to leverage the World Cup to promote American excellence and attract foreign investment.

However, Trump’s statement that political and economic tensions with co-host nations Canada and Mexico would ‘enhance the excitement’ of the tournament has been noted by analysts. They also highlight environmental considerations.

Estimates suggest that the event could generate over 3.7 million tonnes of CO₂. Most emissions come from air travel, stadium construction, and fans getting to games. These exceed the emissions from the 2022 Qatar World Cup, one of the most polluting ever, recording an estimated 3.6 million metric tons of CO2 emissions—the highest yet. 

These changes bring attention to the environmental impact of the 2026 World Cup and the potential for mitigation efforts.

Some Ways to Cut Soccer’s Footprint

Soccer has the power to lead climate action given its global influence. Here’s how the sport can reduce its environmental impact:

  1. End High-Carbon Sponsorships: Some have suggested that sports governing bodies could consider phasing out sponsorships with high-carbon industries, similar to past restrictions on tobacco advertising.
  2. Reduce Air Travel: Football clubs and leagues should encourage train and bus travel for domestic matches. Ticketing policies can prioritize local fans to cut travel emissions.
  3. Smaller, Regional Tournaments: Clubs should prioritize regional competitions. This change can help cut down on long-haul flights.
  4. Sustainable Stadiums: Clubs should invest in low-carbon stadiums. They can use renewable energy sources like solar panels and LED lighting.
  5. Encourage Low-Carbon Fan Behavior: Clubs can offer incentives for public transport use, cycling, and electric vehicle travel to matches.
  6. Stronger Climate Rules: Football federations could set sustainability standards for competitions, with clubs potentially needing to meet carbon reduction goals to participate.
  7. Player-Led Advocacy: Many professional soccer players are already speaking out about climate change. Their influence can drive awareness and push governing bodies toward stronger climate commitments.

Football’s Path to Action

Soccer’s carbon footprint is significant, but the sport also has the potential to influence climate action. With its unmatched global reach, football can be a powerful force for sustainability.

With collective action from governing bodies, clubs, players, and fans, soccer can reduce its carbon footprint while maintaining its global appeal.

Now is an important time for action, as climate change poses potential challenges to the sport enjoyed by billions. To support its long-term sustainability, football can take concrete steps to reduce emissions across all levels of the game.

National Bank of Canada Targets $20 Billion in Renewable Energy Lending by 2030

Saptakee S
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National Bank of Canada Targets $20 Billion in Renewable Energy Lending by 2030

The National Bank of Canada (NBC) will increase renewable energy lending to $20 billion by 2030, as revealed in its latest sustainability report. This move strengthens its net-zero emissions strategy despite the ongoing shift in U.S. clean energy policies.

In this context, NBC plans to add nearly $10 billion in new renewable loans over the next six years, but some of its existing loans will be partially or fully repaid during this period. The final lending total accounts for both the new loans and the repayments of old ones.

NBC is Backing Major Renewable Projects in the U.S.

Since 2019, the bank has tripled its renewable energy funding to reach $15 billion. In 2023, its renewable energy loans exceeded its non-renewable energy exposure for the first time. This shift shows its strong commitment to clean energy.

Despite the U.S. government’s shifting stance on clean energy and Trump’s unfavorable stance on clean energy, National Bank continues to invest heavily in renewable projects.

In 2023, it played a crucial role in financing two major U.S. renewable energy initiatives, namely the SunZia wind and transmission project and the Solar Landscape community solar portfolio

By 2030, the bank aims to reduce the intensity of emissions in its power generation financing by one-third. To reach this goal, it continues investing in large wind, solar, and hydro projects. However, it restricts coal-related financing.

NBC Emission Reduction Targets

NATIONAL BANK CANADA
Source: NBC

SunZia Wind and Transmission Project

The bank underwrote $775 million for the $8.8 billion SunZia project. Pattern Energy Group LP is developing this 3.5 GW wind farm and 550-mile transmission line. It will be the largest clean energy project in U.S. history.

SunZia will send wind power from New Mexico to Arizona and the western U.S. This will help fix transmission problems and improve grid reliability. The project will deliver affordable, fuel-free energy to millions of homes. On a larger scale, it supports the shift away from fossil fuels.

Solar Landscape Community Solar Portfolio

The bank acted as the green structuring agent and lead arranger for a $283 million green loan. This loan helps Solar Landscape LLC with its 107 MWdc rooftop solar projects in New Jersey. This includes 101 solar rooftops. It also adheres to the state’s Community Solar Energy Program rules

This project is a great initiative to expand New Jersey’s community solar access. At least 51% of the affordable clean energy will go to the low- and middle-income subscribers. Additionally, Solar Landscape will track and report usage.

NBC’s Emission Reduction Targets Across High-Carbon Sectors

The bank is committed to cutting carbon intensity by 33% by 2030 from 2019 levels. This effort reinforces its leadership in North America’s clean energy shift.

To reduce emissions, the bank has set interim targets for high-carbon sectors. In 2021, it introduced targets for oil and gas. A year later, it expanded its focus to commercial real estate and power generation.

Oil and Gas Sector Transition

Oil and gas production contributes 26% of Canada’s greenhouse gas emissions. The bank supports this sector’s transition by setting ambitious reduction targets.

  • As of 2024, the bank has already achieved a 32% drop in Scope 1 and 2 emissions and an 18% drop in Scope 3 emissions

  • By 2030, it aims to cut emissions across all scopes by 31%

Strong governance and strategic credit policies have kept its oil and gas portfolio aligned with its 2030 and 2050 targets.

oil and gas NBC canada
Source: NBC

Commercial Real Estate and Energy Efficiency

Due to their heating, cooling, and lighting demands, buildings have a major impact on climate change. However, energy-efficient technologies and sustainable designs can significantly reduce emissions.

In 2022, the bank set an interim target focused on commercial buildings, including offices, retail spaces, and multi-family housing.

  • By 2024, it had already reduced these emissions by 25% and aims to cut Scope 1 and 2 emissions by 50% by 2030.
NBC Commercial real estate
Source: NBC

Power Generation and Clean Energy Goals

As said before, the bank’s power generation portfolio is diverse. Apart from solar and wind, it also includes hydro, nuclear, and biogas and natural gas while limiting coal-related financing. It provides loans to support both new and existing power projects.

Since 2019, it has cut scope 1 emissions intensity in power generation by 29%, reaching 0.10 tCO₂e/MWh as of October 31, 2023.

  • By 2023, it had already achieved a 29% reduction. Its 2030 target is to reduce Scope 1 emissions by 33% from 2019 levels.
National bank canada Power generation
Source: NBC

Cutting Ties with Coal: Stronger Funding Restrictions

The bank will not fund new thermal coal mines or lend to new clients earning over 25% of their revenue from coal mining. However, it will continue supporting existing clients who commit to reaching net-zero emissions by 2050 or phasing out coal operations.

It will also avoid funding new coal-fired power plants. The bank will not finance new clients that generate over 10% of their power from coal unless the money helps them transition to clean energy. It will support clients acquiring coal power assets only if they have clear plans to phase out coal or achieve net zero.

Notably, in the oil and gas sector, the bank will not fund exploration, extraction, or production in the Arctic.

Canada emissions

NBC continues to enhance its sustainability strategy, focusing on investments that create lasting environmental impact. Its goal is to support North America’s clean energy transition and contribute to a net-zero future.

UN Carbon Credit System Makes History With First Project Approval But Raises Concerns

Jennifer L
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UN Carbon Credit System Makes History With First Project Approval But Raises Concerns

The Paris Agreement Crediting Mechanism (PACM) has officially approved its first project—a cookstove initiative in Myanmar. This marks a major milestone for the UN-backed carbon credit system, designed to ensure high-integrity offsets.

But with concerns over inflated climate benefits, is this approval a win for carbon markets or a warning sign of deeper issues? Let’s uncover the details behind this historical market development. 

What is PACM? 

The Paris Agreement Crediting Mechanism is a global initiative designed to improve the quality and integrity of carbon credits. Carbon credits are permits that let companies offset their greenhouse gas (GHG) emissions. Companies invest in projects that reduce or remove CO₂ from the atmosphere.

The PACM was set up under Article 6.4 of the Paris Agreement. This article lets countries team up and trade emission reduction units, also called A6.4ERs (Article 6.4 Emission Reductions Units), to reach their climate goals.  

PACM Article 6.4 how it works

The PACM is different from private carbon credit programs. It is an official system backed by the United Nations (UN). This means it has more oversight and credibility.

The UN carbon credit system was finalized at COP28 in 2024. It replaces the Clean Development Mechanism (CDM). The CDM faced criticism for allowing low-quality carbon credits. Many CDM projects lacked “additionality.” This means they would have happened without carbon credit funding. As a result, they undermine real climate action.

PACM introduces stricter rules to ensure credits represent real, measurable, and verifiable emission reductions. It boosts baseline standards. It also requires upfront credit registration, which stops retroactive project approvals.

This UN-backed system aims to boost trust in carbon markets and ensure they contribute meaningfully to nations’ climate goals, also known as Nationally Determined Contributions.

NDCs commitment pathway
Source: Czapp

With over 3,500 companies committed to net-zero, demand for high-quality credits is rising. PACM’s stricter standards can help companies buy reliable carbon offsets. This reduces the risk of “junk credits” that offer little or no real environmental benefit.

CDM’s Shadow Over PACM

One of the most debated aspects of the PACM is the transition of projects from the CDM to the new system. The CDM started in 2001. It lets countries and companies earn carbon credits by funding projects that reduce emissions in developing nations.

Over time, it became clear that many CDM projects lacked integrity. They didn’t reduce emissions beyond what would happen anyway.

Facing pressure from China and India, PACM negotiators decided to let CDM projects seek PACM approval until the end of 2025. This transition period was meant to prevent disruptions in the carbon credit market. However, experts worry that it opens the door for low-quality projects to flood the system before stricter PACM rules take effect.

According to an analysis by the NewClimate Institute, over 1,000 CDM projects have applied for PACM status, including:

  • Large-scale hydropower and wind energy projects that likely would have been built anyway, with or without carbon credit funding.
  • Methane capture projects in landfills, which may not meet stricter PACM rules on baseline emissions.
  • Cookstove projects, which have long been controversial due to questions about how much wood use they actually reduce.

The NewClimate Institute warns that if all these projects get PACM approval, hundreds of millions of carbon credits may flood the market. Their climate benefits are unclear. This could undermine trust in the PACM before it even becomes fully operational.

The video explains the transition from CDM to PACM:

First Project Approval: Myanmar Cookstove Initiative

The first PACM-approved project is in Myanmar. It’s a cookstove program that helps families use less firewood. This also lowers CO₂ emissions. By switching to these stoves, communities can slow deforestation and improve indoor air quality, reducing respiratory health risks.

Household cooking makes up 2-3% of global CO₂ emissions. This mainly comes from burning wood and charcoal. Improved cookstoves provide climate and health benefits. However, the Myanmar project has received criticism.

  • Calyx Global rated it Tier 3, the lowest quality category, due to concerns about inflated carbon savings.

The ratings company stated:

“Although the PACM may soon include stricter methodological requirements for GHG integrity of cookstove carbon credits, for now, GHG integrity – and especially over-crediting – remains a key concern at the project level.”

A big problem is the dependence on non-renewable biomass (fNRB) estimates. These estimates decide how much firewood reduction is claimed. Critics argue that project developers overestimated deforestation avoidance, exaggerating climate benefits. 

The Integrity Council for the Voluntary Carbon Market (ICVCM) recently rejected this methodology, raising further doubts about its credibility.

But Calyx Global also noted that the project’s rating can still go up to a Tier 1 rating if it delivers its promised reductions.

Calyx Global rating cookstove projects
Note: Illustration of how the majority of cookstove project ratings could improve if there was no over-crediting risk.

Concerns About PACM’s Credibility

The approval of the Myanmar project has raised concerns. Will the PACM deliver on its promise of high-quality carbon credits? The mechanism looks good on paper, but in reality, many low-quality projects might get approved. Stricter rules won’t start until 2026.

Carbon market experts say that giving PACM certification to these projects might hurt trust in the system. This could happen even before it is fully implemented. If buyers see that PACM credits are just as bad as old, low-quality CDM credits, the whole initiative might lose credibility.

To address these concerns, experts like Lambert Schneider from the Oeko-Institut suggest that carbon credit buyers should be extremely cautious when purchasing PACM credits. He advises companies to carefully check whether a credit comes from a transferred CDM project or a newly approved PACM project.

What Needs to Happen Next?

The PACM could become the gold standard for carbon credits. However, to ensure its credibility, further refinements may be necessary to strengthen its standards. Areas for improvement include:

  • Stronger baseline rules to ensure reductions are calculated using reliable estimations.
  • More transparency in disclosing data on methodologies and impact.
  • Expanding independent verification by 3rd-party auditors.

The Paris Agreement Crediting Mechanism represents a major step toward a more credible and effective carbon market. The next few years are key. They will decide if the PACM becomes a trusted source for carbon credits or faces challenges in ensuring integrity.

Top 3 Pure-Play Battery Stocks to Watch in 2025

Saptakee S
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0
Top 3 Pure-Play Battery Stocks to Watch in 2025

What’s driving investment in battery stocks? Well, the global battery industry has surged since over a decade driven mainly by lithium-powered technology. EVs are no longer a futuristic idea—they are now mainstream.

Electric vehicles play a crucial role in reducing greenhouse gas (GHG) emissions. In 2021, plug-in EVs, including all-electric and plug-in hybrid models, prevented approximately 5.5 million metric tons of carbon dioxide (CO₂) emissions in the United States. This reduction is equivalent to removing over 1.1 million gasoline-powered cars from the road for a year.

What’s Fuelling Battery Stock Investment in 2025? 

With countries pushing for stricter emissions regulations and phasing out gasoline cars, advancements like this could accelerate the transition to electric transportation. Thus, innovations in battery technology will play an important role in making EVs more advanced, safe, and climate-friendly.

Solid-state batteries are emerging as a game-changer. They promise better performance for EVs, consumer electronics, and renewable grids.

Rising Demand for Battery Technology

Statista revealed data from Bloomberg that showed a rapid surge in demand for lithium-ion batteries in EVs and energy storage over the past decade. In 2010, the total demand was just 0.5 gigawatt-hours. By 2020, it had skyrocketed to around 526 gigawatt-hours.

  • This growth is set to continue, with projections reaching an astonishing 9,300 gigawatt-hours by 2030.
  • This increase means millions of new EVs, storage systems, and consumer devices worldwide.

battery demand

However, analysts say that this industry is a high-risk, high-reward space. In this guide, we’ll explore the top pure play battery stocks to invest in 2025. Keep reading.

QuantumScape: Leading the Solid-State Revolution

QuantumScape (QS) is at the forefront of solid-state battery technology. Based in California, this company is pioneering lithium-metal solid-state batteries with a unique ceramic separator.

With backing from Volkswagen and Bill Gates, the company aims to overcome the limitations of traditional batteries by improving energy density, charging speed, and safety.

Key innovations include:

  • Anodeless design – Eliminates the need for a conventional anode, reducing weight and increasing efficiency.
  • Ceramic separator – Enhances safety and stability compared to liquid electrolytes.

The company’s first commercial product, QSE-5, is set for larger sample deliveries in 2025, keeping them on track for commercialization.

QuantumScape battery stock
Source: QuantumScape

Notably, QuantumScape and PowerCo, a subsidiary of Volkswagen, signed a deal on July 11, 2024, to scale solid-state lithium-metal battery production. PowerCo can produce up to 40 GWh annually, with an option to expand to 80 GWh, which is enough to power about one million EVs per year.

Financials Performance

QuantumScape reported an adjusted EBITDA loss of $64.7 million for Q4 2024 and $285 million for the full year, staying within its forecast.

By the end of 2024, the company had $910.8 million in available funds, enough to support operations until the second half of 2028.

Sustainability Focus

Solid-state batteries could cut emissions in battery production by 40%, according to the European Federation for Transport and Environment (EFTE). QuantumScape’s anode-free design further reduces the environmental impact by eliminating lithium-metal foil manufacturing. By pioneering these technologies, the company is supporting the energy transition and a lower-carbon future.

QuantumScape ranks moderately well among high-growth battery stock investment opportunities. Stock experts reckon that while it offers strong potential, other stocks may deliver higher returns in a shorter period.

Solid Power: A Competitive Contender

Solid Power (SLDP) specializes in all-solid-state battery technology for electric vehicles. Unlike conventional lithium-ion batteries, Solid Power’s batteries use a sulfide solid electrolyte, making them safer, more stable at high temperatures, and potentially cheaper to produce.

Why Solid Power Stands Out

  • Pioneering sulfide-based solid electrolytes – The company produces the most advanced solid electrolytes at pilot scale.
  • Scalable production – Uses existing lithium-ion manufacturing infrastructure.
  • High-profile partnerships – Collaborates with BMW, Ford, and SK On to advance battery production.
solid power battery
Source: Solid Power

Financial Performance 

In 2024, Solid Power generated $20.1 million in revenue, up from $17.4 million in 2023. The growth is attributed to key partnerships and technology advancements. By 2028, the company expects to supply solid-state battery technology for 800,000 electric vehicles annually. This is a huge milestone in mitigating emissions.

Key goals for 2025 include:

  • Advancing electrolyte innovation and scaling up production.
  • Launching a pilot continuous electrolyte manufacturing line.
  • Expanding customer collaborations and increasing sample deliveries.

Solid Power may present significant growth potential, but its financial stability remains a concern. Therefore, investors should weigh the risks before committing.

Ilika Technologies: A Niche Player with Unique Strengths

Ilika Technologies (LON: IKA) is a UK-based company focusing on solid-state batteries for specialized applications, including MedTech, Industrial IoT, and Consumer Electronics. Unlike other players targeting EV batteries, Ilika’s strategy focuses on smaller, high-value markets.

The company has two product lines, namely, Stereax cells and Goliath large format cells. The former is used primarily to power miniature medical devices and industrial IoT. The latter targets the automotive industry and cordless consumer appliances.

battery ilika
Source: ilika

Environmental Commitment

The company prioritizes sustainability and has been assessing its annual carbon footprint since 2021. It has been implementing eco-friendly initiatives such as:

  • Zero waste to landfill
  • Renewable energy-powered facilities
  • Encouraging green commuting options

Additionally, Ilika has received a Green Economy Classification and Mark from the London Stock Exchange, signifying its contribution to sustainable technologies.

Still a Speculative Stock

Ilika remains a speculative stock, currently trading as a penny stock with a market cap under $50 million. However, its early focus on non-automotive applications could provide an advantage if solid-state batteries become standard across industries.

While QuantumScape and Solid Power aim to revolutionize EV batteries, Ilika is carving a niche in specialized markets. With countries phasing out gas-powered cars, the battery market is set to grow. Thus, investing in battery stocks looks promising.

However, investors should consider each company’s financial stability, technology roadmap, and market positioning before making a decision.

Puro.earth Hits 1M Tonnes of Verified Carbon Removal – Exclusive Interview with President Jan-Willem Bode

Saptakee S
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Puro.earth Hits 1M Tonnes of Verified Carbon Removal – Exclusive Interview with President Jan-Willem Bode

Puro.earth, the leading carbon-crediting platform for carbon dioxide removal (CDR), has issued over 1 million CO2 Removal Certificates (CORCs) since 2019. This represents 1 million tonnes of verified carbon removal. The company has played a key role in expanding the carbon removal market and advancing engineered solutions for climate action.

Reaching the first 500,000 CORCs took nearly five years, but the number doubled in just one year, reaching 1 million in Q1 2025. At this pace, Puro.earth expects to match this milestone again before the end of H1 2026.

How Does Carbon Dioxide Removal Work? 

In carbon dioxide removal the CO2 from the atmosphere is pulled and stored securely in geological formations, land, oceans, or durable products. This is a natural process.

But with emissions still rising, CDR needs fast scaling up to make a better impact. There are two main types of CDR methods:

  • Natural CDR: Includes afforestation, soil carbon sequestration, and ocean-based methods.
  • Technological CDR: Includes Direct Air Capture (DAC), biochar, and enhanced mineralization.

Permanence is key in carbon dioxide removal. High-quality CDR credits must keep CO₂ stored for centuries or even millennia. This prevents it from being released back into the atmosphere. This is where Puro.earth is helping companies achieve their CDR milestones.

  • In an EXCLUSIVE Discussion with CarbonCredits, Jan-Willem Bode, President of Puro.earth shared valuable insights on achieving this big milestone, meeting the highest environmental standards, and what’s next.

Read on…

CC: What factors contributed to the rapid growth of Puro.earth’s CO₂ Removal Certificates (CORCs) from 500,000 to over one million in just one year? 

President Bode: Our growth is the result of three reinforcing factors:

  • Low barrier to entry: Minimal upfront certification costs make it easy for suppliers to join the ecosystem.
  • Scalable revenue model: CORC sales provide suppliers with capital to reinvest and expand operations.
  • Methodology expansion: New methodologies unlock growth across multiple sectors simultaneously.

Moreover, this reaffirms the strong confidence in the market even while developments are still being made to the regulatory framework for engineering removals in general. These dynamics, combined with buyer demand, geographic diversification, and strong platform credibility, drive exponential momentum in high-integrity carbon removal.

CC: What are the implications of removing one million tonnes of CO₂ in terms of global climate goals, and how do you plan to sustain this momentum?

President Bode: Reaching one million tonnes of CO₂ removed is a significant milestone for Puro.earth and the carbon removal market as a whole. While it represents a small fraction of the reductions needed globally, it signals meaningful progress toward scaling high-integrity carbon removal in line with the Paris Agreement. 

More importantly, it demonstrates that durable carbon removal is no longer a concept of the future — it’s happening now and at scale. We plan to sustain and accelerate this momentum by continuing to grow our network of high-quality suppliers, expanding access to global markets for carbon removal, and fostering strong demand from corporate buyers committed to net zero. With increasing interest from climate-forward companies and support from visionary entrepreneurs and investors, we’re on track to issue our next one million CORCs by mid-2026.

Furthermore, we are seeing several important initiatives from our partners within this context. These initiatives focus on creating more liquidity in the market in the short term and more standardization in the medium term. 

CC: How does Puro.earth ensure the integrity and quality of the carbon removal credits issued through its platform?

President Bode: Puro.earth ensures the integrity and quality of its carbon removal credits through a science-based, transparent, and independently verified approach. Each CO₂ Removal Certificate (CORC) is issued according to methodologies grounded in robust quantification techniques, designed to meet the highest standards of environmental integrity.

Our methodologies are developed and continuously reviewed by an independent Advisory Board composed of leading scientists, academics, and carbon removal experts – including Advisory Board Chairman Professor Myles Allen, co-author of the Oxford Principles for Net Zero Aligned Carbon Offsetting, Oxford University. These methodologies set the criteria for what constitutes permanent, net-negative carbon removal.

Puro Registry Tracks Carbon Removal

Based on President’s insights, we explain the process further below:

The Puro Standard: Certifies suppliers that remove carbon dioxide from the atmosphere and store it for at least 100 years. It then issues CORCs and records them in the transparent Puro Registry.

The Puro Registry: It is transparent and shows active CORCs and the projects behind them. When organizations retire CORCs, they use them to support net-zero or carbon neutrality claims. Each CORC represents one metric ton of long-term CO2 removal.

They use CORC100+ and CORC1000+ labels to indicate estimated storage durability in years. However, these labels only provide general guidance rather than exact retention periods. Before December 2022, all CORCs carried a single label, regardless of storage duration.

Furthermore, independent auditors verify each project every year to ensure compliance with Puro Standard’s science-based methods.

Scaling Carbon Removal with Proven Methods

Puro.earth pioneered carbon removal certification for biochar, carbonated materials, biomass storage, enhanced rock weathering, and geologically stored carbon. These methods capture CO2 using Direct Air Capture (DAC) and Bioenergy with Carbon Capture & Storage (BECCS).

Unlike traditional carbon offsets, which focus on reducing emissions, CORCs represent direct carbon removal. The Puro Registry updates its data daily. However, it only releases data from before January 2022 if both parties agree. Beneficiaries can request a delay in publication, but only for up to 12 months.

The company’s 1 million CORCs (52.13% already retired) account for 576,561 metric tons of CO2 removed. Two key methodologies drive this milestone:

  • Geologically Stored Carbon (34.3%) – DACCS and BECCS offer reliable, long-term storage.
  • Biochar (34.1%) – A scalable solution that locks carbon into stable materials.

The United States leads in carbon removal projects, contributing 45% of total issuances. Finland (9.87%), Bolivia (9.64%), and Brazil (9.15%) follow, along with Austria, Norway, and the UK.

Rising demand for high-impact carbon removal continues to drive growth in the CORC market, with buyers seeking scalable solutions for long-term sustainability.

carbon removal credits

Tech Giants Drive Carbon Removal Growth

CDR credits let companies and governments balance their emissions. They do this by funding projects that actively remove CO₂. CDR credits are different from traditional carbon offsets.

Microsoft, Google, and Frontier Buyers have led the early-stage carbon removal (CDR) market, according to CDR.fyi leaderboards. Their investments have reduced risks for new CDR technologies and helped suppliers scale up their operations.

  • Microsoft accounted for 63% of total CDR purchase volume in 2024 to achieve carbon negativity by 2030. The tech giant secured around 5.1 million metric tons of durable CDR credits.
  • Google purchased about 501 thousand tons of CDR credits, making it second to Microsoft.
  • Frontier buyers—including Stripe, Shopify, and Watershed—continued to support promising carbon removal projects, collectively purchasing 667.4K tonnes of CDR credits.

Top Buyers of Puro.earth’s CORCs to Offset Emissions

The press release highlighted that Microsoft, Shopify, and Zurich Insurance purchase CORCs to reduce their carbon footprints and combat climate change.

In 2021, Nasdaq acquired a majority stake in Puro.earth. Together, they are advancing the carbon removal industry by creating new revenue streams that accelerate CDR adoption.

Experts predict that high-emission industries like aviation, concrete, steel, shipping, and chemicals will drive the next wave of demand. Some companies in these sectors have already acted.

Notably, SkiesFifty and Gigablue, a Puro.earth supplier, signed a four-year deal to buy 200,000 tonnes of carbon removal credits.

Puro.earth’s issuance of over 1 million CORCs shows strong growth and effectiveness in engineered carbon removal technologies. This milestone highlights the rising demand for reliable carbon credits. It also shows the platform’s promise to be open and responsible in the carbon market.

Google’s Carbon Credit Expansion with Frontier’s $33M Bet on Rock Weathering

Jennifer L
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Google’s Carbon Credit Expansion with Frontier’s $33M Bet on Rock Weathering

Google is making another major move in carbon removal by participating in Frontier’s $33 million offtake agreement with Eion Carbon. This deal plans to cut about 79,000 tons of CO₂ by 2030. It uses enhanced rock weathering (ERW), a natural way to boost carbon absorption in rocks.

Reilly O’Hara, Program Manager, Carbon Removal at Google, remarked on this deal, noting:

“This deal isn’t just about removing CO2 – it’s also about building a robust, transparent understanding of enhanced weathering’s potential. By integrating with existing agricultural systems and prioritizing data sharing, Eion will help pave the way for scalable, impactful climate solutions.” 

What is Enhanced Rock Weathering?

Eion deploys olivine, a fast-weathering rock, on Southern and Midwestern United States farmlands. This method permanently captures CO₂ while improving soil health and crop yields.

ERW stands out from traditional carbon capture methods. It fits easily into current farming practices, making it a cost-effective and scalable solution.

ERW involves spreading crushed silicate rocks, like olivine, onto farmland. When these rocks interact with rainwater, they absorb CO₂ from the air, converting it into a stable form stored in the soil or washed into the ocean.

  • Research shows that spreading crushed silicate rocks on U.S. farms could capture 0.16 to 0.30 gigatons of CO₂ each year by 2050.

Atmospheric CDR by Enhanced Weathering with US Agriculture

Source: Nature

Eion’s research extends beyond carbon capture. The company is conducting deep soil core measurements to better understand how rock-soil interactions influence carbon storage. This data will be made public, advancing the entire field of enhanced weathering.

Eion carbon removal
Source: Eion

Visit the company’s website here to learn about its step-by-step ERW processes and how they ensure each carbon credit represents real reductions.

Farming Meets Climate Tech: The Unexpected Perks for Agriculture

Agriculture plays a significant role in both emitting and removing carbon. Soil carbon sequestration, biochar, and enhanced rock weathering are emerging as promising techniques to make farming better for the climate.

  • Soil Carbon Sequestration. Certain farming practices, like no-till farming and cover cropping, can store carbon in the soil for decades. These methods can absorb up to 5 gigatons of CO₂ annually, according to the IPCC.
  • Biochar. This charcoal-like substance, made from plant waste, locks carbon into the soil while improving fertility.
  • Enhanced Rock Weathering (ERW). By applying reactive minerals like olivine to farmland, ERW offers a dual benefit—capturing CO₂ while enhancing soil productivity.

Benefits for Farmers

Farmers in the Southern and Midwestern U.S. are choosing Eion’s olivine-based product over traditional agricultural lime. This substitution offers several advantages:

  • Cost-Effective: Revenue from selling carbon removal credits allows Eion to offer its product at a lower price than conventional lime.
  • Soil Improvement: Olivine helps neutralize acidic soils, enhancing plant growth and increasing crop yields.
  • Environmental Impact: By integrating ERW into their practices, farmers contribute to reducing atmospheric CO₂ levels, playing a direct role in combating climate change.

The Role of Frontier

Frontier is a group that includes Google, Stripe, and Shopify. It helps invest in carbon removal technologies. Frontier pools resources to back innovative solutions, such as Eion’s ERW. This helps speed up their development and deployment. This collaborative effort underscores the importance of joint action in addressing climate change.

Google’s investment in ERW through Eion supports the transition toward carbon-smart agriculture. This approach could transform the agricultural sector into a major carbon sink, helping offset emissions from other industries.

Beyond Offsets: Google’s History of Carbon Removal Efforts 

Google has long been a leader in sustainability and carbon reduction. Since 2007, the company has been carbon-neutral, meaning it offsets all of its emissions by purchasing carbon credits. Here are its major carbon removal deals:

Google contracted rarbon removal portfolio
Source: Google

In 2020, Google promised to run on 100% carbon-free energy by 2030. This goal aims to cut emissions from its data centers and offices completely. Past and ongoing initiatives include:

  • Investment in Renewable Energy – Google has signed power purchase agreements (PPAs) to build solar and wind farms worldwide.
  • Direct Air Capture (DAC) – Google has previously supported carbon removal technologies like DAC, which captures CO₂ directly from the atmosphere.
  • Forest Conservation Projects – The company has funded reforestation efforts to absorb CO₂ and restore ecosystems.
  • Carbon Removal Credits – Google has backed early-stage carbon credit markets, supporting projects that remove CO₂ from the atmosphere.

Google carbon removal purchases ERW

The Frontier-Eion deal is part of Google’s broader commitment to carbon removal. This initiative removes CO₂ permanently, unlike traditional offsets. It fits well with Google’s long-term climate strategy.

Google’s Climate Strategy

Google aims to achieve net-zero emissions across its operations and supply chain by 2030. Now, it aims to eliminate emissions completely instead of just offsetting them.

Google carbon emission reductions 2023 progress
Source: Google

A key goal is running on 100% carbon-free energy (CFE) 24/7 by 2030. Currently, 64% of Google’s energy use is matched with clean sources, with some regions exceeding 90%. The tech giant has also signed 80+ renewable energy deals, totaling over 9 GW of clean energy capacity.

Google has invested $200 million in early-stage carbon removal projects. The company is pushing suppliers to adopt clean energy. It is also using AI to boost energy efficiency in its data centers.

These efforts position Google as a leader in corporate climate action, setting a standard for net-zero goals worldwide.

Carbon Capture at Scale: The Challenges and Opportunities Ahead

While ERW presents a promising avenue for carbon removal, several challenges remain. Using ERW on a large scale needs careful planning. This includes sourcing, transporting, and applying large amounts of crushed rock.

Also, accurately quantifying the amount of CO₂ removed through ERW is complex. Ongoing research aims to develop robust monitoring, reporting, and verification (MRV) frameworks to ensure transparency and effectiveness.

Lastly, reducing the costs associated with ERW is essential for widespread adoption. New methods in mining, grinding, and application can boost economic viability. 

As climate issues increase, big tech firms like Google are stepping up to manage their emissions. Its partnership with Eion through Frontier’s $33 million offtake deal marks a major advancement in carbon removal. This deal highlights the importance of high-quality, verifiable carbon removal solutions. It also underscores the potential for agriculture to play a key role in climate action. 

With Google’s leadership, enhanced weathering and other carbon removal technologies could scale up to remove millions of tons of CO₂ in the coming years. As the voluntary carbon market grows, initiatives like this will be crucial in the fight against climate change and the journey toward a net-zero future.

Oklo Advances Its Nuclear Reactor Licensing Despite $73.6M Net Loss

Saptakee S
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Oklo Advances Its Nuclear Reactor Licensing Despite $73.6M Net Loss

Oklo’s earnings took a hit as the company reported a net loss of $73.6 million for 2024. The majority of it came from a $52.8 million operating loss. The company’s stock dropped after the report, but analysts stressed that its long-term vision matters more than the numbers. However, the company’s nuclear endeavors continue to shine.

It’s working with the U.S. Nuclear Regulatory Commission (NRC) to prepare for its upcoming license application to advance its nuclear technology.

oklo earnings
Source: Oklo

As part of this process, the NRC will review Oklo’s licensing materials in advance through a Pre-Application Readiness Assessment. This step helps both Oklo and the NRC get ready for a smoother and more efficient approval process for the Aurora Powerhouse at Idaho National Laboratory.

Oklo Advances Regulatory Approvals for Aurora Reactor

Oklo has been working with the NRC since 2016 to navigate the regulatory path for its advanced reactors. The company has already secured approval for its quality assurance program and made progress in areas like safety analysis, environmental planning, and operational procedures.

The company plans to submit its formal COLA later in 2025, with more applications in the pipeline. The license will cover the design, construction, and operation of the Aurora Powerhouse at INL.

Notably, Oklo aims to have its first Aurora powerhouse up and running by late 2027. The company secured over 14 GW in power orders, which indicates a strong demand for its nuclear technology.

NRC Readiness Assessment Starts in March 2025

The NRC will start reviewing Oklo’s plans in late March 2025. In this first step, they’ll see where the project’s location and its impact on the environment. By sorting out these important details early, Oklo can make the approval process smoother and faster.

The press release also revealed that under the 2024 ADVANCE Act, the NRC is making it easier for nuclear companies to get licenses. A big change is coming—a 55% cut in licensing fees, making the process more affordable. This new pricing will start from October 1, 2025.

Launching Its First Commercial Reactor in Idaho

On March 20, Oklo announced the launch of its first commercial powerhouse in Idaho. The company signed a MoA with the U.S. DOE and an Interface Agreement (IAG) with Idaho National Laboratory (INL). These agreements ensure Oklo follows all environmental rules while preparing the site.

It has been working closely with INL and DOE to get ready for site investigations. This includes cultural and biological surveys in partnership with the Shoshone Bannock Tribes.

DeWitte further confirmed that these agreements push them forward in building their first advanced fission powerhouse. He added that Oklo is committed to smooth and sustainable development.

Oklo’s Aurora Reactor Sets New Standards in Clean Energy

Oklo provides clean energy 24/7 to data centers, factories, industrial sites, communities, and defense facilities. It supplies heat and power through power purchase agreements.

The Aurora Powerhouse will deliver reliable, clean energy to customers and will use recycled fuel made at the Aurora Fuel Fabrication Facility. The facility will process recovered nuclear material from the EBR-II reactor into fuel for the nearby Aurora Powerhouse.

  • It can generate 15 MWe, scale up to 50 MWe, and operate for over a decade before needing refueling.

The fission pioneer also explained that they use advanced recycling techniques to keep transuranic materials together as fuel. This avoids the need to create pure material streams, which is a unique feature of fast reactors.

Notably, it’s the only company that has secured fuel for its first commercial advanced nuclear power plant.

Oklo has also developed the Radioisotope Production Facility, Atomic Alchemy with INL. This facility produces essential radioisotopes for critical and life-saving applications, strengthening the U.S. commercial supply chain.

The facility also extracts valuable radioisotope byproducts from the waste stream of Oklo’s fuel recycling process.

U.S. Nuclear Generation and Generating Capacity

As more power-hungry AI-driven data centers emerge, utilities are increasingly looking at nuclear power for grid reliability. Governments and private firms, including the big techs are investing in advanced nuclear reactors and small modular reactors (SMRs) to scale nuclear capacity efficiently.

U.S. Copper Rush: Imports Flood in and Prices Soar as Trump Tariff Looms

Saptakee S
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U.S. Copper Rush: Imports Flood in and Prices Soar as Trump Tariff Looms

Copper prices surged on Monday as traders anticipated the outcome of potentially high U.S. import tariffs. The three-month copper price on the London Metal Exchange (LME) climbed to $9,925 per metric ton, building on last week’s gains after reaching a five-month high.

As per Bloomberg, Mercuria revealed that around 500,000 tons of copper are now headed to U.S. ports—much higher than the usual 70,000 tons per month. This spike is directly linked to expectations of new tariffs.

Bloomberg: Copper Prices Soar on Trump Tariff Speculation

Bloomberg said that copper futures on the London Metal Exchange jumped 1.9%, crossing $10,000 per ton. In New York, copper prices on Comex climbed 1.4% close to a record high before dropping back.

Since January, Comex prices have surged past international benchmarks as traders bet on U.S. import tariffs. On Monday, the price gap hit a new record of over $1,400 per ton, surpassing February’s peak after Trump announced a Commerce Department investigation into possible tariffs.

copper price
Source: Bloomberg

Explaining further, this investigation into copper imports is fueling market uncertainty. With new tariffs expected on April 2, traders are remaining cautious. This shift in supply could push prices to record highs while creating shortages in China and other markets.

Reuters highlighted Kostas Bintas, former co-head of metals at Trafigura Group, predictions on copper. He warned that global supplies could tighten sharply. Similarly, Goldman Sachs predicts that U.S. copper imports could rise by 50% to 100% in the coming months as buyers rush to secure material before tariffs hit.

Impact on the Economy

The rush of copper imports and looming tariffs could reshape industries worldwide. Here’s what industry pundits are expecting:

  • Record Prices: With 500,000 tons of copper flooding the U.S., prices could surpass $10,000 per ton. This would raise costs for construction, electronics, and electric vehicles.
  • U.S. Economic Shift: The government aims to boost domestic copper production, reducing reliance on foreign metals. This could help U.S. mining and manufacturing but also raise domestic costs.
  • Higher Inflation: Rising copper prices would increase production costs, leading to inflation across multiple sectors. Consumers already facing high living costs may feel the strain.
  • Global Supply Chain Issues: With more copper heading to the U.S., shortages could hit China, the world’s largest copper consumer. This could disrupt industries reliant on steady copper supplies.
  • Investment Changes: Companies might stock up on extra copper or look for other materials to avoid the impact of price changes. This uncertainty could lead to more investment in U.S. copper production and new alternatives.

What’s Behind the Copper Crunch?

Experts predict a 320,000-ton copper supply deficit in 2025 as demand outpaces supply. A sharp drop in U.S. copper scrap exports—crucial for a third of global production—is worsening the shortfall.

The U.S. is increasingly relying on imports to sustain the production of copper which is a highly critical metal for EVs, military tech, semiconductors, and consumer goods. Meanwhile, demand is soaring due to the rise of EVs, AI advancements, and renewable energy expansion.

Furthermore, China, setting a 5% GDP growth target, is rolling out stimulus measures to boost domestic consumption, further intensifying copper demand. Copper futures surged 12% as traders speculated that the U.S. might impose tariffs on base metal imports. In response, suppliers rushed shipments to America while tightening supply at other places.

RioTimes revealed an interesting point made by Nick Snowdon, head of metals research at Mercuria. He called this trend an “under-appreciated shock” to global markets.

Rio Tinto Bets on U.S. Copper

Amid all these developments, WSJ reported that Rio Tinto plans to expand its copper investments in the U.S. It operates the Kennecott copper mine in Utah and owns a majority stake in the Resolution Copper project in Arizona.

The company sees new opportunities after President Trump signed the executive order to speed up permitting and boost government funding for mineral projects.

Katie Jackson head of the company’s copper business confirmed this news by noting,

“We have a strong desire to invest more in the U.S., particularly in copper,” 

Copper Demand and Supply Forecast

Copper demand is set to rise sharply due to the clean energy transition.

IEA projects, cleantech applications, such as EVs and renewable energy, will drive demand from 5,380 kt in 2021 to 16,343 kt in 2040. Meanwhile, traditional uses like construction and electrical wiring will remain stable, reaching 20,036 kt by 2040.

Recycled copper supply will exceed double, from 4,123 kt in 2021 to 10,006 kt in 2040. Despite this growth, mining will still play a key role, with primary supply requirements peaking at 25,249 kt in 2030 before stabilizing.

The rising demand and supply chain concentration, primarily from China, might push for diversified sources and expanded recycling efforts.

copper demand and supply
Source: IEA

BHP, the largest mining company, predicts that copper demand from the energy transition sector will rise from 7% to 23% by 2050, according to a Kitco report.

  • Copper demand from the digital sector, including data centers, 5G, and AI, is also set to grow from 1% (current) to 6% by 2050.
  • Copper use in transportation will increase from 11% in 2021 to 20% by 2040. This rise is due to more electric vehicles on the road.
copper demand
Source: BHP

On the supply side, BHP highlighted a major challenge. The average copper ore grade has dropped by about 40% since 1991. In the next ten years, half of the world’s copper supply will face problems. Aging mines and lower ore quality will be major issues.

  • More significantly, the mining giant estimates that the industry will need $250 billion in new investments to close the growing gap between supply and demand.

BHP’s chief commercial officer Rag Udd.

“As we look towards 2050, we foresee global copper demand increasing by 70% to reach 50 million tonnes annually. This will be driven by copper’s role in both current and emerging technologies, as well as the world’s decarbonization goals.”

The U.S. is rushing to import copper ahead of possible tariffs, but the impact goes beyond supply relief. Higher prices, global supply chain disruptions, and shifting economic strategies could follow. Businesses and investors must stay ready for what’s next.

Lithium Market Insight 2025: Price Recovery, EV Demand, and the Future of Extraction – Exclusive Interview

Jennifer L
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Lithium Market Insight 2025: Price Recovery, EV Demand, and the Future of Extraction – Exclusive Interview

The lithium market is undergoing significant changes as demand for electric vehicles (EVs) and energy storage solutions continues to rise. This soft, silvery-white metal remains at the center of the global clean energy transition. 

Let’s uncover the major market trends according to experts and significant insights shared by the head of a lithium extraction company in an exclusive interview. 

Lithium Market Trends from CERAWeek 2025

At CERAWeek 2025, industry experts highlighted key trends shaping the lithium market. Experts noted that while lithium demand remains high due to EVs and energy storage systems, the market has seen volatility. 

Lithium prices in China fell from $76,000 per ton in early 2023 to about $23,000 per ton by year’s end. This drop raised worries about supply chain stability.

One of the most pressing concerns is the lack of a strong domestic lithium supply chain in the United States. Experts say that 77% of the graphite for lithium-ion batteries comes from China. Overall, 53% of the US’s graphite imports since 2023 are from China. This highlights the need to diversify supply. 

  • Battery production drives lithium demand. In 2023, global lithium consumption hit 180,000 tons. This marks a 27% rise from last year.

S&P Global Market predicts that lithium supplies will remain in surplus until 2032. However, as of Q4 2024, the U.S. still relies heavily on imports, with most of its lithium coming from Chile and Argentina.

Industry leaders at the conference stressed the importance of new extraction technologies to meet future demand. An expert noted that lithium-metal batteries are 10x more powerful than lithium-ion batteries. This could change the game. They highlighted how waste lithium metal from industry could help build a circular supply chain.

Scalability remains a significant challenge, however. Companies are putting money into resource validation projects. They’re also expanding lithium extraction facilities to produce 20,000 tons each year.

The focus is now on producing lithium at a large scale. The aim is for sustainable sourcing methods to keep the lithium market stable in the long run. These insights reinforce the need for technological advancements, government support, and recycling initiatives to build a more resilient lithium industry.

This is where the unique technology of a company promising to optimize lithium production and make it eco-friendly comes in. 

François-Michel Colomar, Head of International Development at Adionics, shares insights on lithium extraction. He discusses challenges and opportunities, pricing trends, and how new technologies shape the industry’s future.  

What Factors Drive the 2025 Lithium Market Recovery?

After a turbulent 2024, the lithium market is showing early signs of recovery in 2025. Colomar attributes this rebound to the increasing demand from EV manufacturers and energy storage providers. 

François-Michel Colomar: “As global policies push for electrification and clean energy adoption, the need for lithium continues to grow. Furthermore, advancements in extraction technologies, such as Direct Lithium Extraction (DLE), are improving efficiency and reducing environmental impact. These technological improvements, combined with increased investments in domestic lithium production, are helping stabilize the market.”

Despite past price corrections, Colomar remains optimistic about sustained growth, driven by ongoing investments in sustainable lithium production.

Lithium Price Projections and Market Forces

Looking ahead, lithium prices are expected to climb to between around $15,000 and $20,000 per ton by 2028. Colomar provided insights into what key market forces will contribute to this growth. 

François-Michel Colomar: “The projected price increase of lithium is largely driven by the rising demand for EV batteries and energy storage solutions. Global lithium consumption is expected to surpass supply in the coming years, putting upward pressure on prices. 

He also highlights the role of efficient and sustainable extraction technologies in stabilizing the market while meeting increasing demand. The push for local lithium production and recycling initiatives will be crucial in reducing reliance on traditional mining operations.

The Role of New Extraction Technologies

Innovative extraction technologies are revolutionizing the lithium industry, offering more sustainable and cost-effective alternatives to traditional methods. One such advancement is DLE, which allows for selective lithium extraction with minimal environmental impact.

François-Michel Colomar: “Unlike traditional lithium mining, which relies on evaporation ponds and hard rock mining, DLE offers a more efficient and environmentally friendly alternative. It allows for higher lithium recovery rates, reduces water usage, and minimizes ecological disruption. At Adionics, our technology achieves lithium recoveries of up to 98%, making it a game-changer in sustainable lithium production.”

Adionics’ Position in the Lithium Industry

Adionics is playing a key role in advancing sustainable lithium production and battery recycling. Its technology enables the extraction of high-purity lithium from battery black mass, addressing a major challenge in the recycling process. 

Colomar emphasized their unique position in the broader lithium and battery recycling landscape.

François-Michel Colomar: “By providing a domestic alternative to overseas processing, we are strengthening the local supply chain and reducing dependence on newly mined lithium. Our approach supports a truly circular economy, ensuring that lithium resources are efficiently reused.”

Impact of EV Demand on Lithium Supply and Pricing

With global EV sales projected to reach 54.7 million units by 2030, the demand for lithium is expected to soar. Colomar predicts that this surge will create supply chain pressures, potentially leading to price fluctuations.

global EV - electric vehicle sales

François-Michel Colomar: “The rapid expansion of the EV market will undoubtedly put pressure on lithium supply chains. While increased production capacity and improved extraction methods will help balance supply and demand, the industry must also focus on recycling to supplement primary lithium sources. We anticipate some price volatility, but long-term trends indicate continued growth in lithium prices as demand outpaces supply.”

However, advancements in extraction technologies and recycling capabilities will help mitigate these challenges.

The Importance of Lithium Recycling

Recycling lithium is crucial in addressing supply chain constraints and reducing environmental impacts. Colomar highlighted this while detailing how their technology helps in this way.

François-Michel Colomar: “With demand projected to exceed supply by 2029, recycling offers a way to recover valuable materials and reduce reliance on newly mined lithium. Adionics’ technology allows for high-purity lithium extraction from recycled batteries without producing toxic waste. This advancement is crucial in creating a closed-loop system where lithium can be reused efficiently.”

Balancing Rapid Lithium Production with Sustainability

The lithium industry faces the challenge of balancing rapid production with sustainable practices. Colomar emphasizes the need for efficient extraction technologies that minimize environmental harm.

François-Michel Colomar: “Sustainability must be a top priority. Technologies like DLE provide a solution by allowing for high lithium recovery rates without the negative environmental impact of traditional mining.”

Adionics’ lithium extraction process boosts recovery rates and purity. It also cuts water use and removes toxic by-products. These innovations enable the industry to scale up production while maintaining environmental responsibility.

Future Trends in the Lithium and Battery Industry

Looking beyond 2030, Colomar foresees major shifts in the lithium and battery industries. 

François-Michel Colomar: “First, we expect a greater emphasis on recycling and circular economy practices. Second, advancements in battery technology, such as solid-state batteries, could reduce reliance on lithium-ion cells. Lastly, the industry will see increased efforts to localize lithium supply chains, reducing geopolitical risks and ensuring stable access to this critical mineral.”

Adionics is at the forefront of these changes, driving innovation in lithium extraction and recycling. 

Lithium’s Role in the Clean Energy Transition

Lithium remains a key enabler of the clean energy transition, powering EVs and energy storage systems. As the world moves toward net-zero emissions, lithium demand will continue to grow.

François-Michel Colomar highlights the importance of integrating sustainable extraction and recycling methods to ensure a reliable lithium supply. By investing in innovative technologies, the industry can support the global shift to clean energy while minimizing environmental impacts.

The 2025 lithium market presents both challenges and opportunities. Rising demand, evolving extraction technologies, and a growing focus on sustainability will shape the industry’s future.

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