Mandating more than ten percent clean material procurement by 2030 will fail
Varun Sivaram · Advance market commitments to decarbonize heavy industry · Dec 15, 2022 · at 20:51
Varun Sivaram explains why the First Movers Coalition targets 10% procurement thresholds rather than full decarbonization by 2030.
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“If we, if you try and make it a larger percentage of a supply chain from these enormous buyers early on in 2030, you'll fail. Because the technology simply cannot scale that quickly to meet extraordinary demand.”
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