TY - UNPD A1 - Findeisen, Francesco T1 - The Club Approach: Towards Successful EU Critical Raw Materials Diplomacy N2 - The EU's supply chains for critical raw materials are heavily concentrated in a handful of countries, notably China. This exposes the European Green Deal Agenda to the twists and turns of geopolitics and external shocks, while the net-zero transition will add to global resource requirements. To diversify the sources of its supplies, the EU intends establishing a Critical Raw Materials Club—a forum where resource-hungry and resource-rich countries collaborate in diversifying critical raw materials value chains. This policy brief outlines the challenges the EU faces in setting up such a Club and discusses options for designing an effective model. It concludes that a hybrid version, one that starts with voluntary commitments, minimal structure, and a limited number of members and becomes more ambitious over time, offers the most promising design solution. However, to succeed with this approach, the EU must make a credible upfront funding commitment at the launch of the Club and streamline its fragmented development finance model. Y1 - 2023 UR - https://opus4.kobv.de/opus4-hsog/frontdoor/index/index/docId/5108 UR - https://www.delorscentre.eu/en/publications/critical-raw-materials-club ER -