From São Paulo, SP.
According to Doug Johnson-Poensgen, Circulor CEO, the carbon footprint of an electric car (egg. Tesla) driven for 50,000 km is greater than that of a traditional one with gas emission, all because of the batteries that are made out of cobalt. Democratic Republic of Congo holds 60% of the world’s cobalt reserves. After mined, the cobalt is processed in Asian countries and goes through a lot of other phases until turns into an electric car say in California or Germany. Besides, there are challenges to recycle the batteries in a circular economy.
Cheers,
Eder.
Source: Consensus: Distributed 2020 | Panel “Enterprise Blockchain isn't Dead with Ian Allison and Sandra Ro”
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