Skip to main content

LUP Student Papers

LUND UNIVERSITY LIBRARIES

Policy Discourse on the EU Critical Raw Materials Act - Contemplation, Challenges and Comparison

Xie, Zhenan LU (2024) HARN63 20241
Department of Business Law
Abstract
Core elements of countries’ clean energy industry success, as well as low-carbon
economic development, have attracted various levels of interest from countries
around the world. This thesis is based on an analysis of the EU Critical Raw Materials Act. With
regard, it gives the background of what the regulation is about and its rationale. In
a critical way, it has analyzed some elements of the challenges of the
implementation of the regulation: the vagueness of the specific implementation by
the Commission and member states; the imperfect establishment of the price
formation mechanism of the system; the added burden put on the company’s
reporting obligations at a company level; and its establishment has been met with
high... (More)
Core elements of countries’ clean energy industry success, as well as low-carbon
economic development, have attracted various levels of interest from countries
around the world. This thesis is based on an analysis of the EU Critical Raw Materials Act. With
regard, it gives the background of what the regulation is about and its rationale. In
a critical way, it has analyzed some elements of the challenges of the
implementation of the regulation: the vagueness of the specific implementation by
the Commission and member states; the imperfect establishment of the price
formation mechanism of the system; the added burden put on the company’s
reporting obligations at a company level; and its establishment has been met with
high resistance to the local supply chain of raw materials; the capability to recycle
the main raw material is seriously overestimated; there are not enough funds
demanded for its implementation; and the formation of the Strategic Partnership is
not solid enough. This thesis gives recommendations on the means of overcoming
the challenges. Later on, the chapter compares some selected countries— including
the United States, China, and Australia—related laws of critical minerals in order
to explain the present provisions of these countries in the role of their supply of
critical raw materials and mechanism determination. Since the national defining
features and priorities of the identified countries are changing according to these
major differences, the legal strategies and definitions have variations. But on the
whole, the proposed critical raw materials act with the EU has its shortcomings. On
the other hand, it does represent a qualitative advance by the EU toward the goal of
ensuring secure and resilient access for the EU to the critical raw materials
necessary for the EU’s economy and critical raw materials, which value chain
efficiency and circularity will be realized. (Less)
Please use this url to cite or link to this publication:
author
Xie, Zhenan LU
supervisor
organization
course
HARN63 20241
year
type
H1 - Master's Degree (One Year)
subject
keywords
Critical Raw Materials Act, Strategic Partnership, Supply Chain, Recycle, EU, the United States, China, Australia
language
English
id
9158680
date added to LUP
2024-06-11 09:57:01
date last changed
2024-06-11 09:57:01
@misc{9158680,
  abstract     = {{Core elements of countries’ clean energy industry success, as well as low-carbon
economic development, have attracted various levels of interest from countries
around the world. This thesis is based on an analysis of the EU Critical Raw Materials Act. With
regard, it gives the background of what the regulation is about and its rationale. In
a critical way, it has analyzed some elements of the challenges of the
implementation of the regulation: the vagueness of the specific implementation by
the Commission and member states; the imperfect establishment of the price
formation mechanism of the system; the added burden put on the company’s
reporting obligations at a company level; and its establishment has been met with
high resistance to the local supply chain of raw materials; the capability to recycle
the main raw material is seriously overestimated; there are not enough funds
demanded for its implementation; and the formation of the Strategic Partnership is
not solid enough. This thesis gives recommendations on the means of overcoming
the challenges. Later on, the chapter compares some selected countries— including
the United States, China, and Australia—related laws of critical minerals in order
to explain the present provisions of these countries in the role of their supply of
critical raw materials and mechanism determination. Since the national defining
features and priorities of the identified countries are changing according to these
major differences, the legal strategies and definitions have variations. But on the
whole, the proposed critical raw materials act with the EU has its shortcomings. On
the other hand, it does represent a qualitative advance by the EU toward the goal of
ensuring secure and resilient access for the EU to the critical raw materials
necessary for the EU’s economy and critical raw materials, which value chain
efficiency and circularity will be realized.}},
  author       = {{Xie, Zhenan}},
  language     = {{eng}},
  note         = {{Student Paper}},
  title        = {{Policy Discourse on the EU Critical Raw Materials Act - Contemplation, Challenges and Comparison}},
  year         = {{2024}},
}