<\/a><\/div>\nAnother indispensable part of the new legislation is the \u2018Critical Raw Materials Act\u2019, which, as European Commission President Ursula von der Leyen recently pointed out, contributes to building a regulatory context aimed at facilitating a fast track to the energy transition.<\/p>\n
In essence, this is precisely the main objective of the European legal infrastructure that is being built. A very clear way of confronting the actions of the rest of the major competitors \u2013 such as the US and its \u2018Inflation Reduction Act\u2019 \u2013 and to fight against the potential loss of companies and investments that could take advantage of tax advantages created when necessary in the fight for world leadership.<\/p>\n
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Consequently, it is not only a matter of Europe being able to speed up investments and industrial processes linked to the green economy, but also of consolidating and securing its business network and preventing the flight of talent and knowledge.<\/p>\n
Regarding taxation, the \u2018Net-Zero Industry Act\u2019 has been designed to facilitate investor interest through incentives. However, the EU is aware that \u2018positive\u2019 initiatives such as this will not be enough. It is essential that it is combined with direct action, such as ensuring the supply of critical raw materials to local industry along clean technology lines. This is exactly where the Critical Raw Materials Act will have a lot to say.<\/p>\n
Thanks to this standard, Europe will have control over the origin of imports, thus preventing excessive dependence on a few suppliers. In addition, it will make it possible to establish very clearly the categorisation of critical raw materials, establishing realistic minimums for each of them in terms of extraction, processing, battery recycling, and importation. The percentage established for possible imports, which in no case can be more than 65% from a single country outside the EU, is noteworthy for its high rate from the initial stages.<\/p>\n\u00a9 shutterstock\/mipan<\/figcaption><\/figure>\nIt also opens the door to support measures for the financing of strategic projects and the rapid management of administrative permits and lays the basis for the creation of an efficient circular economy for raw materials. In addition, concrete guidelines are established to reduce the risk of loss of supply, providing for the obligation for companies to carry out audits of their supply chain so that they have room to act in the event of unforeseen events.<\/p>\n
A firm European commitment<\/h3>\n In short, through these legal and regulatory initiatives, Europe\u2019s commitment and effort to become the future benchmark for green technologies is clear. However, the fight between countries for the future of battery recycling still requires caution and attention to the response of the other competitors, especially the US and Asia. It is just as important to be alert to the actions of governments as it is to be alert to those of large companies and their investments, especially those with potential markets beyond Europe.<\/p>\n
In conclusion, this new regulatory framework is designed to ensure the success of one of Europe\u2019s great industrial bets for its future competitiveness. Therefore, it is essential to continue developing not only this regulation, but also all those scientific and technological advances that ensure the achievement of these objectives and their fulfilment as soon as possible, maintaining eco-design and recycling as fundamental pillars in the development of a competitive and strategic battery industry.<\/p>\n
Please note, this article will also appear in the fourteenth edition of our\u00a0quarterly publication<\/a>.<\/strong><\/em><\/p>\n <\/a><\/div>\n","protected":false},"excerpt":{"rendered":"Learn more about the role of battery recycling – which will become mandatory in 2023 – in Europe’s sustainable future.<\/p>\n","protected":false},"author":22,"featured_media":33034,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[24204],"tags":[24412,24495],"acf":[],"yoast_head":"\n
Ensuring the sustainability and competitiveness of battery recycling<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n