Supply Chain Transparency Initiative

Understanding how the future energy system will impact the global supply chain and associated effects on markets, communities and the environment

Supply Chain Transparency Initiative

Understanding how the future energy system will impact the global supply chain and associated effects on markets, communities and the environment

News

  • Lithium Is Key to the Electric Vehicle Transition. It’s Also in Short Supply 5/26/2022
    Lithium Is Key to the Electric Vehicle Transition. It’s Also in Short Supply Payne Institute Director Morgan Bazilian contributes to this article about how the element lithium, a lightweight substance, is a critical component in rechargeable lithium-ion batteries, which are used in most personal electronics and electric vehicles. And in the last year, it’s gotten expensive.  Lithium has shot up 432% year over year, hitting nearly $62,000 per metric ton in April.  The price spike is due to the booming electric vehicle market, which is putting demand pressure on battery producers, which in turn puts demand pressure on the minerals suppliers.  May 26, 2022.
  • The US role in securing the European Union’s near-term natural gas supply 5/26/2022
    The US role in securing the European Union’s near-term natural gas supply Payne Institute Fellow Arvind Ravikumar, Director Morgan Bazilian, and Michael Webber write about how the European Union’s plan to phase out Russian natural gas imports by 2027 rests partly on increasing near-term imports of US liquefied natural gas. This will require a coordinated policy response that includes securing supplies from major exporters, global diplomacy, expanding import capacity, and alignment with Europe’s climate goals.  May 26, 2022.
  • INFLATING 5/24/2022
    Inflating Payne Institute Program Manager Brad Handler has prepared a quarterly report on how the top priority for the U.S. public oil and gas (O&G) companies remains to deliver higher financial returns to shareholders. Public commentary as the companies reported their 1Q22 earnings included widespread commitments to pay higher dividends and to buy back shares of their own stock.  Yet, only a couple of months after laying out their spending expectations for 2022, the companies have also begun to raise their spending budgets for the year. These increases are largely in response to rising prices for goods and services, a function of supply constraints.  May 24, 2022.
  • Industrial decarbonization via natural gas: A critical and systematic review of developments, socio-technical systems and policy options 5/23/2022
    Industrial decarbonization via natural gas: A critical and systematic review of developments, socio-technical systems and policy options Colorado School of Mines student researcher Shivani Mathur, Payne Institute Fellow Greer Gosnell, Benjamin K. Sovacool, Dylan D. Furszyfer Del Rio, Payne Institute Fellow Steve Griffiths, Director Morgan Bazilian, and Jinsoo Kim write about how natural gas is an important and highly flexible fuel across the industry sector globally.  However, the future of natural gas remains uncertain, especially for industry planning to be net-zero or carbon neutral by mid-century. This review addresses the role that natural gas might play in global industrial decarbonization, and how it can help decarbonize industrial processes.  May 23, 2022.  
  • Salty, subterranean water could relieve world’s lithium shortage 5/20/2022
    Salty, subterranean water could relieve world’s lithium shortage Payne Institute Program Manager Jordy Lee contributes to this article about how the next bottleneck in lithium-ion battery supplies isn’t cobalt, even though China has a stranglehold on the market, and it’s not nickel, either, despite nickel prices nearly doubling in the past five months. There’s no substitute for one crucial component of these batteries: Lithium. Today’s lithium mines can’t hope to meet the skyrocketing demand for the next decade and beyond. May 20, 2022.  
  • Whose data is this anyway? Striving for higher standards of emissions reporting 5/17/2022
    Whose data is this anyway? Striving for higher standards of emissions reporting The Payne Institute is proud of our research with Baker Hughes on creating higher standards for emissions reporting.  The new research partnership aims to clarify best practices and help industry come to grips with disclosing Scope 3 GHG emissions.  May 17, 2022.  
  • Water Security Issues for Lithium Mining in Chile 5/17/2022
    Water Security Issues for Lithium Mining in Chile Payne Institute Communications Associate Eleanor Igwe writes about how due to lithium’s central role in electric vehicle batteries, its demand is predicted to continue a steep rise and likely reach the level of two to four million metric tons by 2030. In addition to the stresses this will put on mining production and the environment – issues of water security are likely to become a key challenge.  May 17, 2022.  
  • A solar-energy trade dispute erupts at exactly the wrong time 5/17/2022
    A solar-energy trade dispute erupts at exactly the wrong time Payne Institute Communications Associate Simon Lomax and Director Morgan Bazilian write about how a complaint by a California company is tanking production just when we need it most — and could delay Xcel’s exit from coal.  Colorado’s coal phase out hasn’t happened yet – and it won’t happen without the continued construction of new power sources to take the place of old power sources when they are due to shut down. Actions that slow down or stop these construction projects, however well intentioned, only increase the risk of failure.  May 17, 2022.  
  • U.S. coal isn’t counting on Europe for a comeback 5/17/2022
    U.S. coal isn’t counting on Europe for a comeback Payne Institute Fellow Ian Lange contributes to the podcast about how the price of coal has surged since Russia’s invasion of Ukraine and the sanctions the European Union has placed on Russian coal in response.  Those sanctions announced last month are set to take full effect in August, creating — one would think — an opportunity for coal producers here in the United States. But they’re having trouble cashing in.  May 17, 2022.
  • The Biden Administration Has Taken Some Bold Steps on Energy, But More Remains to be Done 5/12/2022
    The Biden Administration Has Taken Some Bold Steps on Energy, But More Remains to be Done Payne Institute Director Morgan Bazilian and Duncan Wood write about how President Biden’s recent invocation of the Defense Production Act (DPA) to include five critical minerals is an important symbolic step toward moving to a low-carbon energy and transport system. The minerals mentioned in Biden’s announcement are those that are especially fundamental to modern batteries for electric vehicles and energy storage for power systems that are increasingly reliant on wind and solar power.  May 12, 2022.
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