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2022 Strategic Foresight Report - CRMs in focus

On 29 June, the European Commission published its annual Strategic Foresight Report, which presents a forward-looking strategic reflection on the interactions between the green and digital transitions in the new geopolitical context. Based on their analysis, this Communication identifies ten key areas where action will be needed.:

  1. Strengthening resilience and open strategic autonomy

  2. Stepping up green and digital diplomacy

  3. Strategically managing supply of critical materials and commodities

  4. Strengthening economic and social cohesion

  5. Adapting education and training systems

  6. Mobilising additional future-proof investment into new technologies and infrastructures

  7. Developing monitoring frameworks for measuring wellbeing beyond GDP

  8. Ensuring a future-proof regulatory framework for the Single Market, conducive to sustainable business models and consumer patterns

  9. Stepping up a global approach to standard-setting and sustainability

  10. Promoting robust cybersecurity and secure data sharing framework

As seen above, strategically managing supply of critical materials and commodities is mentioned as a paramount task to achieve the twin transitions.

According to the Commission, developing domestic capacities and diversifying sources of supply along the value chain will be instrumental to significantly reduce the existing strategic dependencies and avert the risk of replacing them with new ones, especially in the area of critical raw materials, which requires a long-term and systemic approach. Key actions include:

  • Monitoring global commodities markets

  • Stockpiling and joint procurement options

  • Enhancing partnerships with mineral-rich countries

  • Streamlining and fast-tracking permitting procedures

  • Create a market for secondary raw materials by introducing collection, recycling efficiency and recycled content targets

  • Mobilise investment agreements

The Commission will continue to advance its Strategic Foresight Agenda, while informing the Commission Work Programme initiatives for next year.

To access the report, click here.


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