When a prospective buyer approached a group that restores Myanmar’s endangered
mangroves about purchasing the credits used by companies to offset their carbon
emissions, they were told the tokens had sold out.
As the world seeks to respond to net zero, we are seeing the rapid growth in green technologies, especially in the rapidly moving electric vehicle (EV) market. The climate benefits of a technology shift from internal combustion engines (ICE) to EVs are clear, but rapid market growth means growing demand for critical materials that are vital for the highest value component in an EV: the lithium ion battery.