Though the transition means the handover of important information and duties from one administration to the next, in the United States the transition has a long history due to which each of the dates and activities in the run-up to the oath taking are important to understand. The 11 weeks at present is much shorter than the 20 weeks of transition period which was the practice till 1952 when Dwight D. Eisenhower took over from Harry S. Truman.
China now dominates the world’s production of new generation batteries that are key to transitioning away from fossil fuels. These new batteries are essential for electric vehicles, power grids, mobile phones and laptop computers to name few.
According to the U.S. Department of Energy, if current trends continue, most of them will likely use Chinese batteries, a key element for transitioning away from fossil fuels, and most of those batteries will be lithium Ion because of their high energy per unit mass relative to other electrical energy storage systems.
For the foreseeable future, world will likely need to depend on Chinese supply chains to produce the batteries. Chinese chemical companies accounted for 80% of the world’s total output of raw materials for advanced batteries.
China is focused on controlling the world’s production of lithium ion batteries. Beijing government subsidies and quotas for EV sales appear to have incentivized efforts to corner the electric vehicle supply chain. Chinese entities now control nearly half of global lithium production and 60 percent of the electric battery production capacity. By 2030, Goldman Sachs predicts China could supply 60 percent of the world’s EVs.
Battery metals are becoming the new oil and supply chains the new pipelines. It is still early in this new energy era, and the victors are yet to be determined in the battery arms race. For now Bharat has to take the final lead as world resources are not for domination but for peaceful coexistence which is embedded in Bharat Culture and ethos of ‘Vasudaiva Kutumbakam’ (World is one Family).
Europe is now dealing with two extremes related to the COVID19 pandemic – The rise in Corona infections on one end with large scale protests against lockdown and COVID19 safety norms at the other. Many countries in the continent are in the grip of protests against fresh lockdown as COVID19 cases continue to rise. Germany […]
Lord Meghnad Desai, Indian-origin economist and author, has resigned as a member of the UK’s Opposition Labour Party over its failure to effectively tackle racism within its ranks, reports The Daily Guardian. Lord Desai on Thursday said that he was forced to cancel his membership after 49 years after former party leader Jeremy Corbyn was […]
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A 1300- year old Hindu temple dedicated to Bhagwan Sri Vishnu was unearthed in the Swat district of Eastern Pakistan in an excavation carried out by Pakistani and Italian archaeologists. As per a report in Organiser Weekly, the Italian archaeologist Dr Luka Maria Olivieri, who heads the Italian archaeological mission, stated that this was the […]
The President has ordained that such a charter must include recognition of the “values of the Republic”, specify that Islam in France is a religion and not a political movement, and put an end to foreign involvement in French mosques. French President Emmanuel Macron has tasked the French Council of Muslim Worship (CFCM) to draw […]
The UN Refugee Agency reports that over 30,000 Ethiopians have fled ongoing fighting in the Tigray region for safety in Sudan. The humanitarian crisis was brought about by the Violence between Central Government forces and local armies in northern Ethiopia’s Tigray region. Violence between Central Government forces and local armies in northern Ethiopia’s Tigray region […]
Senators including Republicans have slammed the President saying that the terrorists would ‘love the idea’ President Trump who before the elections had said that he wants “all” troops home by Christmas, seems to be acting in a hurry on that front. US media reports that as per the President’s order, US troops in Afghanistan will […]
On Nov 17th, a Senate hearing was held over legal protections for Social Media companies. CEOs of Twitter and Facebook were put to scrutiny by senators during the hearing. The Republican senators accused the social media companies of political bias and also charged them with unfair business practices and market dominance. The charges are seen […]