This post was originally published on this site
In addition, IEA predicts the growth of renewable energy will accelerate over the next five years, driven by commitments made by world leaders. As of October 2021, governments have approved spending $480 billion on clean energy and $45 billion on renewables.
Furthermore, the global lithium-ion recycling battery market is expected to grow by $1.11 billion, at a CAGR of 17.8% over the 2021 – 2025 period. So, we think battery recycling stocks Umicore SA (OTC:UMICY), Li-Cycle Holdings Corp. (LICY), and American Battery Technology Company (ABML) might be ideal additions to one’s renewable energy portfolio.
