European Union legislators are pushing to introduce the Critical Raw Materials Act (CRMA) by the end of 2023 after launching trilogue talks in September.
“If implemented effectively, the measures in the proposed legislation could help reduce Europe’s reliance on small numbers of foreign suppliers, thereby also lowering the risk these countries could use their market dominance to exert influence elsewhere,” says Matej Banovec, Dods EU Political Intelligence consultant for Energy, Climate and Industry policy, and author of the report.
With this goal in mind, representatives of the bloc’s institutions started trilogue negotiations in September on a final text for the legislation which also promises to strengthen Europe’s clean tech value chain and improve recycling of these critical materials.
This Dods EU Political Intelligence report outlines the key elements of the proposed Critical Raw Materials Act and its objectives, the latest developments in the legislative process and stakeholder reactions.
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