European Commission officially launches European Raw Materials Alliance
2020-10-15 14:07:39 [Print]
The European Raw Materials Alliance ("ERMA") was officially launched recently, which was announced by the European Commission as part of an Action Plan on Critical Raw Materials earlier in September.
The ERMA will be managed by EIT Raw Materials and overseen by the European commission in the context of a secure and sustainable access to critical raw materials being considered a key enabler for delivering the European Green Deal. Initial focus will be rare earth and magnet value chains before extending to other raw materials required for Europe's green and digital transitions.
To achieve its goals, ERMA will target deliverables such as an inclusive stakeholder consultation process, support EU industrial policy to mitigate regulatory and financing bottlenecks, set up a Raw Materials Investment Platform to stimulate investment into key projects, and lastly to promote public awareness and acceptance on the role of critical raw materials and their role in the transition to a green and digital economy.
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The ERMA will be managed by EIT Raw Materials and overseen by the European commission in the context of a secure and sustainable access to critical raw materials being considered a key enabler for delivering the European Green Deal. Initial focus will be rare earth and magnet value chains before extending to other raw materials required for Europe's green and digital transitions.
To achieve its goals, ERMA will target deliverables such as an inclusive stakeholder consultation process, support EU industrial policy to mitigate regulatory and financing bottlenecks, set up a Raw Materials Investment Platform to stimulate investment into key projects, and lastly to promote public awareness and acceptance on the role of critical raw materials and their role in the transition to a green and digital economy.