EU risks raw-materials shortage for renewables, watchdog says

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🗞️ Driving the news: The European Union is at risk of a raw-materials shortage essential for its renewable energy transition, as it heavily relies on foreign suppliers for critical materials like magnesium for hydrogen electrolyzers and boron for solar panels, according to the European Court of Auditors
• The bloc's dependence on countries like China and Turkey for these resources makes it vulnerable to supply disruptions, threatening its green energy goals

🌍 Why it matters for the planet: The EU’s reliance on foreign suppliers for raw materials crucial to the green energy transition poses a significant risk to achieving its climate goals 
• Ensuring stable access to these resources is essential for the bloc to maintain its commitment to net-zero emissions and meet international environmental standards
• A material shortage could delay or halt renewable energy projects, impacting the global fight against climate change

⏭️ What’s next: The EU may need to adjust its trade policies and expand its mining and recycling operations for critical materials
• Developing a more secure and sustainable supply chain for these resources will be key to future-proofing the EU's renewable energy projects

💬 One quote: "As things stand, the EU is dependent on other countries for most critical raw materials it needs for its green, digital, defense, and aerospace sectors," said Keit Pentus-Rosimannus, member of the European Court of Auditors

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