What is a circular economy?

Targeted to promote a circular economy, India’s vehicle scrapping policy has sought to incentivise owners to dispose of their 25-year-old commercial and 20-year-old private vehicles. But beyond that, handling the scale of vehicles that have already been scrapped because of new emission norms or will be rendered unfit in a test, will still be a challenge since organised scrapping facilities are limited, putting a question mark on environmentally safe disposal of vehicle’s metal and even battery scrap. While launching the policy on Friday, which also found mention in his 75…

Only a few major battery innovations (Lead Acid by Plante, Nickel Cadmium by Jungner, Lithium-ion by Goodenough/Sony) have reached significant market penetration since the 1800s. As of 2018, over 90% of large‐scale battery storage power capacity in the US was provided by batteries based on Lithium‐ion (Li-ion) chemistries [1]. The demand for Li-ion batteries for consumer electronics and electric vehicles (EVs) is projected to grow about tenfold until the next decade. By 2025, the global revenue from Li-ion batteries is expected to reach $71 billion USD [2]. The volume of retired batteries follows an S-like curve, with less end-of-life Li-ion batteries today, but an estimated 315 GWh (1,619,000 tons) available for recycling by 2030 (assuming a lifetime of 10 years) [3], a volume roughly equivalent to current annual battery production [4]. 

Gucci and Italian bank Intesa Sanpaolo have unveiled the next chapter of a collaboration that, for the first time, will focus on the transition of the supply chain toward sustainable and inclusive practices.  The agreement helps companies in the Kering-owned luxury maison’s supply chain to embark on a path to improve their social and environmental sustainability through the implementation of specific actions and initiatives that align with the guidelines of the Italian government’s National Recovery and Resilience Plan.