EU’s Mineral Finance Strategy Lags Behind China and US Efforts
As Europe races to secure critical raw materials for clean energy technologies, a recent study by Transport & Environment (T&E) highlights the EU's struggle in effectively financing mineral projects. The report reveals that while several initiatives aim at building resilient supply chains, concrete progress is lacking compared to overseas investments.Key TakeawaysThe European Union has invested only USD1.7 billion in critical raw materials since 2020, all of it in Argentina, while China has invested over USD15 billion globally.Eurozone Export Credit Agencies (ECAs) have played a limited role in the extractive sector for critical raw materials despite their potential to de-risk projects and mobilize significant capital.There is no cohesive EU strategy or mechanism to deploy ECAs' co...