{"id":1181,"date":"2021-08-01T15:35:22","date_gmt":"2021-08-01T07:35:22","guid":{"rendered":"https:\/\/www.cyclewell.com\/en\/?p=1181"},"modified":"2022-12-06T06:14:36","modified_gmt":"2022-12-05T22:14:36","slug":"ev-power-battery-recycling-market-size-reaches-114-5-billion-yuan-by-2050","status":"publish","type":"post","link":"https:\/\/www.cyclewell.com\/en\/news\/1181.html","title":{"rendered":"EV power battery recycling market size reaches 114.5 billion yuan by 2050"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" loading=\"lazy\" width=\"1000\" height=\"753\" src=\"https:\/\/www.cyclewell.com\/en\/wp-content\/uploads\/2021\/08\/2022120522123857.jpg\" alt=\"\" class=\"wp-image-1455\" srcset=\"https:\/\/www.cyclewell.com\/en\/wp-content\/uploads\/2021\/08\/2022120522123857.jpg 1000w, https:\/\/www.cyclewell.com\/en\/wp-content\/uploads\/2021\/08\/2022120522123857-300x226.jpg 300w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><\/figure>\n\n\n\n<p>China&#8217;s carbon neutrality target provides a strong policy impetus to accelerate the zero-carbon energy transition, while the development of the circular economy is an important support to achieve the &#8220;double carbon&#8221; target. This report focuses on the contribution of recycling to the achievement of carbon neutrality and the opportunities brought by the carbon neutrality target to the recycling industry in China&#8217;s zero-carbon scenario.<\/p>\n\n\n\n<p>The report considers the relevance of each segment to the zero-carbon energy transition and the market potential, and identifies three key areas: first, product regeneration in high energy-consuming industries (steel, cement, aluminum, and plastics); second, energy utilization of waste biomass (straw, forestry waste, household garbage, etc.); and third, electric vehicle power battery recycling for energy storage.<\/p>\n\n\n\n<p>The report estimates that if China is to achieve zero carbon emissions by 2050, the three major areas of renewable energy use can achieve nearly 40 billion tons of carbon emission reduction, with a contribution rate of more than 30%, among the cumulative emission reductions to be achieved from 2020 to 2050. The three key areas can also form a huge market of nearly 3 trillion yuan per year by 2050. Among them.<\/p>\n\n\n\n<ul>\n<li>In terms of product regeneration in high energy-consuming industries, by 2050, the product demand reduction in the steel, cement, aluminum and plastics industries can reach 16% to 53%, and the proportion of regenerated products in total production can be as high as 60%, with a carbon emission reduction potential of 23 billion tons.<\/li>\n\n\n\n<li>In terms of waste biomass energy utilization, the energy utilization potential of crop straw, forestry waste, domestic waste and livestock manure is as high as at least 370 million tons of standard coal per year, which will contribute to 13 billion tons of carbon emission reduction by 2050, with a market size of nearly 600 billion yuan in 2050.<\/li>\n\n\n\n<li>With the rapid development of electric vehicle power battery recycling market, it can become one of the main power system energy storage by 2050, and the market size can reach at least 114.5 billion yuan.<\/li>\n<\/ul>\n\n\n\n<p>Chen Ji, director of Rocky Mountain Institute, said that promoting the accelerated development of the recycling industry will not only help China achieve the peak of carbon emissions as early as possible and further solidify the foundation for the eventual achievement of carbon neutrality, but also promote the upgrading of the industrial form, creating new markets in the supply, consumption, auxiliary services, and other aspects, and generating huge commercial value.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" loading=\"lazy\" width=\"636\" height=\"450\" src=\"https:\/\/www.cyclewell.com\/en\/wp-content\/uploads\/2021\/08\/2021080107344337.jpg\" alt=\"\" class=\"wp-image-1182\"\/><\/figure><\/div>\n\n\n<p>Conclusion<br>As China&#8217;s zero-carbon transformation progresses, the market scale of resource recycling will gradually expand and market vitality will be stimulated, new industries, new technologies, and new business models will emerge in the process of transforming the linear development mode of &#8220;extraction-manufacturing-consumption-disposal&#8221; to the circular development mode and gradually realize scale and industrialization. The development of a circular economy and the development of new business models<\/p>\n\n\n\n<p>Nowadays, China has laid a good foundation and accumulated certain practical experience in developing a circular economy and promoting the use of renewable resources, and the &#8220;double carbon&#8221; target will further promote the scale and industrialization of the circular economy in China.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>China&#8217;s carbon neutrality target provides a stron [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1455,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[22],"tags":[],"_links":{"self":[{"href":"https:\/\/www.cyclewell.com\/en\/wp-json\/wp\/v2\/posts\/1181"}],"collection":[{"href":"https:\/\/www.cyclewell.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cyclewell.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cyclewell.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cyclewell.com\/en\/wp-json\/wp\/v2\/comments?post=1181"}],"version-history":[{"count":1,"href":"https:\/\/www.cyclewell.com\/en\/wp-json\/wp\/v2\/posts\/1181\/revisions"}],"predecessor-version":[{"id":1457,"href":"https:\/\/www.cyclewell.com\/en\/wp-json\/wp\/v2\/posts\/1181\/revisions\/1457"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cyclewell.com\/en\/wp-json\/wp\/v2\/media\/1455"}],"wp:attachment":[{"href":"https:\/\/www.cyclewell.com\/en\/wp-json\/wp\/v2\/media?parent=1181"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cyclewell.com\/en\/wp-json\/wp\/v2\/categories?post=1181"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cyclewell.com\/en\/wp-json\/wp\/v2\/tags?post=1181"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}