Parliament Takes Action to Strengthen the EU's Focus on 'Strategic Projects' in Critical Minerals Sector

Parliament Takes Action to Strengthen the EU’s Focus on ‘Strategic Projects’ in Critical Minerals Sector

07/09/2023

Image source: pixelied.com / pixabay.com

The political groups within the European Parliament are pushing to enhance social and environmental safeguards for "strategic" mining projects in Europe and abroad as the EU seeks to secure vital raw materials for its green and digital transitions. The Parliament's industry committee is set to vote on the EU's draft Critical Raw Materials Act, which aims to reduce the bloc's reliance on China and other countries for metals like rare earths. The proposal, unveiled in March by the European Commission, outlines benchmarks to increase domestic capacity for raw materials extraction, processing, and recycling. The aspirational targets correspond to 10%, 40%, and 15% of the EU's needs, respectively. EU member states voted in June to raise the Commission's proposed benchmark for processing on European soil from 40% to 50%. Lawmakers in the Parliament's industry committee support this 50% objective but have added an international dimension. They suggest that "up to 20% of the Union’s

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Source and Credit: euractiv.com

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