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Position Paper On The Critical Raw Materials Act Our Position Paper On The Critical Raw Materials Act, A Long-overdue First Step.pdf

2023-03-30-CRMA-European-Aluminium-Position-paper.pdf
Preview of Position paper on the Critical Raw Materials Act Our position paper on the Critical Raw Materials Act, a long-overdue first step
🔗 Source: european-aluminium.eu
📊 Size: 636 KB
👤 Author: Microsoft Office User
⬇️ Downloads: 48

Summary

European Aluminium welcomes the Critical Raw Materials Act (CRMA) as a step towards acknowledging the need for a full value chain approach in realizing Europe's strategic resilience and sustainable growth. The organization invites EU institutions and stakeholders to consider key enablers, including:

1. Adding aluminium to the list of "Strategic Raw Materials"
2. Considering aluminium's importance as a Strategic Raw Material
3. Involving industry stakeholders in the European Critical Raw Materials Board
4. Ensuring complementarity with the Net Zero Industry Act
5. Promoting more ambitious circular economy provisions
6. Boosting investments through new financing mechanisms

Aluminium should be added to the list of Strategic Raw Materials due to its crucial role in the twin transition, sustainable production, and strategic autonomy. The global supply of aluminium is expected to keep pace with demand, but primary aluminium production in the EU has been curtailed, and imports from non-market economies pose a risk of carbon leakage and undermine Europe's strategic autonomy.

Industry stakeholders should be involved in the European Critical Raw Materials Board to provide feedback and expertise on proposed legislation. The complementarity between the Net Zero Industry Act and the CRMA must be clarified to maximize their collective impact and support European industrial initiatives to decarbonize their operations.

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European Aluminium welcomes the Critical Raw Materials Act (CRMA) as a step towards acknowledging the need for a full value chain approach in realizing...

Technical Information

  • File Format: PDF
  • File Size: 636 KB
  • Pages: 5
  • Language: EN
  • Author: Microsoft Office User
  • Total Downloads: 48
  • Last Updated: 3 months ago

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