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EU takes first step to ensure green technologies are made in Europe
(Transport and Environment, 16 Mar 2023) T&E welcomes self-sufficiency targets for battery raw materials and production goals for clean tech.
The EU today unveiled two draft laws in response to the US subsidies that it fears are luring European clean-tech companies to North America. The proposed Critical Raw Materials Act will help the bloc secure supply of the metals needed to build batteries, wind turbines and other green technologies. The draft Net Zero Industrial Act is a positive first step to ensure that the technologies needed to transition the EU’s economy to net zero emissions are made in Europe.
T&E said the proposed goals for Europe to responsibly source more raw materials at home is key to avoiding reliance on Asia. By 2030, the EU should be able to process at least 40% of ‘strategic’ metals required, according to the draft Critical Raw Materials Act. T&E analysis shows that Europe is capable of refining more than half of the lithium it needs by then. A target to obtain 15% of metals from recycling will help to scale up the bloc’s capacity to capture scrap from battery factories and end-of-life products.
Transport and Environment, 16 Mar 2023: EU takes first step to ensure green technologies are made in Europe
