BERLIN (Reuters). BERLIN (Reuters). A consortium consisting of battery manufacturers such as BMW, Umicore, and BASF will collaborate with technology partners in the development of a “battery passport”, which tracks Europe’s carbon footprint and content of European batteries, Germany’s economy ministry announced Monday.

A consortium of 11 Partners received 8.2 Million Euros ($8.78million) in funding to create a common taxonomy, set of standards and for collecting and disclosing data. This could become an EU regulation.

The European Commission will discuss a proposal in Trilogues this year that states that all rechargeable electric vehicles (EV), light transportation and industrial batteries sold in Europe should disclose their carbon footprint starting in 2024, and adhere to a limit on CO2 emissions beginning in 2027.

From 2027 onwards, there would be an obligation to reveal the contents of those recycled materials. Then, from 2030, it would become mandatory to reduce recycled cobalt and lithium in batteries.

According to Germany’s economic ministry, the German consortium was the first to try to create a digital product that meets these requirements.

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