Raw materials: Commission highlights need for security of supply and investment

EIT Raw Materials

Today the Commission is publishing the first Raw Materials Scoreboard prepared by the Joint Research Centre (JRC), under the responsibility of Tibor Navracsics, Commissioner for Education, Culture, Youth and Sport. The Scoreboard provides a comprehensive set of indicators on both primary and secondary raw materials. It highlights the need to address the EU's growing skills shortage, innovation needs and its import-dependency, providing valuable information for policy decisions. 

 

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Speaking at a meeting of the High-Level Steering Group of the European Innovation Partnership on Raw Materials this morning, Commissioner Elżbieta Bieńkowska, responsible for Internal Market, Industry, Entrepreneurship and SMEs, said: 'The supply and affordability of raw materials are of strategic importance for the future of the European economy and society. With the European Innovation Partnership, the raw materials community has taken important steps towards increased security of supply and a more circular economy. Today, we made the case for the need to support investment in the field of raw materials, in particular for start-ups and SMEs trying to optimise their resource use.'

The meeting was organised by the European Commission as part of its efforts to secure a sustainable supply of raw materials for Europe and to boost investment into the raw materials and recycling sectors. The group, which is composed of representatives of the industry, NGOs, researchers, ministers and the Commission, adopted a'Strategic Evaluation Report' on future priorities in the area of raw materials.

The group also presented a voluntary 'Declaration of Support' for the setting up of a European Investment Platform on Raw Materials and Recycling for start-ups, brought forward by the European Institute of Innovation and Technology (EIT) and its innovation community, EIT Raw Materials, under the European Fund for Strategic Investments (EFSI).

More information regarding the 'Strategic Evaluation Report' and the 'Declaration of Support' on the websites of DG Grow and JRC. (For more information: Lucia Caudet – Tel.: +32 229 56182; Nathalie Vandystadt – Tel.: +32 229 67083; Joseph Waldstein - Tel.: +32 229 56184; Maria Sarantopoulou – Tel.: +32 229 13740)

The Raw Materials Scoreboard can be downloaded here.  

Visit EIT Raw Materials by clicking here.