ESRS–ISSB Standards Interoperability Guidance

Year Published

2024

Contributing Organizations

International Financial Reporting Standards (IFRS)

Type of Resource

Guidance

Languages

English

Relevant Topics

Core Topic

Disclosure Standards

Target Audience

All

Relevant Geography

Global

Resource Description

This report explores how battery electric vehicles (BEVs) can help the Global South decarbonize transport and build industrial capacity. It analyzes economic, policy, and market dynamics, with case studies and value chain insights.

Why This Matters

The BEV shift offers economic and climate benefits, but without urgent action, the Global South may become a dumping ground for obsolete ICE vehicles.

Key Insights

Rising ICE vehicle imports risk locking in fossil fuel use as the Global North shifts to BEVs
Falling battery costs and lighter infrastructure needs make BEVs viable for the Global South
BEV transition could save 12 countries $100bn annually in fuel and vehicle costs
Identifies value chain opportunities in assembly, mineral processing, infrastructure, and servicing
Highlights risk of OEMs pushing ICE sales in the Global South as demand falls elsewhere

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