Author (Corporate) | European Commission: DG Internal Market Industry Entrepreneurship and SMEs |
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Series Details | COM (2020) 474 |
Publication Date | 03/09/2020 |
Content Type | Policy-making |
Summary:Communication published by the European Commission on 3 September 2020 setting out an Action Plan concerning access to resources and sustainability in relation to raw materials. Further information:Critical raw materials are essential to the functioning and integrity of a wide range of industrial ecosystems. Access to resources is therefore a strategic security matter for the European Union's ambition to deliver its European Green Deal. The Commission's Industrial Strategy for Europe proposes to reinforce the EU's autonomy and warns that a transition to climate neutrality cannot replace reliance on fossil fuels with one on raw materials which are in many cases sourced from outside the European Union. This autonomy needs to continue to be anchored in diversified and undistorted access to global markets for raw materials. At the same time, and in order to decrease external dependencies and environmental pressures, the underlying problem of rapidly increasing global resources demand needs to be addressed by reducing and reusing materials before recycling them. Access to resources and sustainability is key for the EU’s resilience in relation to raw materials. Achieving resource security requires action to diversify supply from both primary and secondary sources, reduce dependencies and improve resource efficiency and circularity, including sustainable product design. Building on the European Union’s Raw Materials Initiative from 2008, this Communication sets out the challenges for a secure and sustainable supply of critical raw materials and actions to increase resilience and open strategic autonomy. This includes the launch of a European Raw Materials Alliance. It also presents fourth review of the EU's list of critical raw materials. Alongside this Communication, the Commission also published a foresight study on critical materials for strategic technologies and sectors in the European Union. |
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Source Link | Link to Main Source https://eur-lex.europa.eu/legal-content/EN/ALL/?uri=COM:2020:474:FIN |
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Subject Categories | Business and Industry, Internal Markets |
Subject Tags | Industrial Policy |
International Organisations | European Union [EU] |