Policy Discourse on the EU Critical Raw Materials Act - Contemplation, Challenges and Comparison
(2024) HARN63 20241Department 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:
http://lup.lub.lu.se/student-papers/record/9158680
- author
- Xie, Zhenan LU
- supervisor
-
- Meng Zhang LU
- organization
- course
- HARN63 20241
- year
- 2024
- 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}}, }