Full Title: Better, Faster, Cleaner: Securing Clean Energy Technology Supply Chains
Author(s): Elena Pravettoni and Leonardo Buizza
Publisher(s): Energy Transitions Commission
Publication Date: June 20, 2023
Full Text: Download Resource
Description (excerpt):
As part of the ETC’s Barriers to Clean Electrification series, this Insights Briefing focuses on the issue of supply chain risks. The importance of supply chain issues for the energy transition has recently come to the fore in light of the Covid-19 pandemic and Russia’s war in Ukraine. In 2021–2022, as the global economy re-started following the pandemic prices for commodities and raw materials (e.g., steel, copper), and shipping and freight
rates shot up, leading to cost increases for wind turbines and batteries. Furthermore, these dynamics have served to catalyse a series of policy choices to relocate the production of clean energy technologies – such as the US Inflation Reduction Act, and the European Union’s Green Deal Industrial Plan – adding further complexity and new dynamics. Building resilience and managing risks to reduce potential bottlenecks as much as possible is therefore critical.