Critical raw materials (CRM) are essential components in many renewable energy technologies – wind turbines, solar panels, electric vehicles. Demand for CRM is growing dramatically as governments look to phase out over-dependence on fossil fuels. According to projections by the World Bank, the demand for high-impact minerals will increase by 500% by 2050.

In order to meet the European Green Deal's climate goals, the transport sector must undergo a thorough transformation. Batteries, in particular, are fundamental in decarbonising the transport industry and moving towards green mobility. However, they require a significant amount of critical raw materials, such as lithium, cobalt, nickel, rare earths and copper.

The European Commission, together with relevant stakeholders, is working on different action plans and initiatives to address CRM in supply chains. A review of the current critical raw materials list is expected at the end of the year.

Relisten to this EURACTIV Virtual Conference to find out the role of critical raw materials in ensuring a fast and ambitious energy transition across Europe.