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The Club Approach: Towards Successful EU Critical Raw Materials Diplomacy

  • 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.

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Metadaten
Document Type:Working Paper
Language:English
Author(s):Francesco Findeisen
Publication year:2023
Publishing Institution:Hertie School
Number pages:10
Related URL:https://www.delorscentre.eu/en/publications/critical-raw-materials-club
Release Date:2023/10/31
Hertie School Research:Jacques Delors Centre
Jacques Delors Centre / Policy Briefs
Licence of document (German):Metadaten / metadata
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