麻豆无码版

News
17 Oct 2022, 13:26
Benjamin Wehrmann

Germany mulls financial support for companies competing for critical raw materials

Frankfurter Allgemeine Zeitung

In order to secure stable access to critical raw materials, Germany could financially support companies competing on global markets for materials needed for its energy transition plans, for example lithium, cobalt or nickel, newspaper Frankfurter Allgemeine Zeitung . The German climate and economy ministry (BMWK) is considering the introduction of a mechanism already practiced by the Japanese government, whereby companies are eligible for financial assistance if they submit supply plans for critical raw materials and other components. 鈥淎 funding model that combines private and public investments would be one option,鈥 state secretary Franziska Brantner told the newspaper. The government鈥檚 aim would be to incentivise companies to diversify their supplier base and increase their storage capacities for critical materials to be better prepared for supply shocks. Brantner said any such model should also focus not only on procuring new resources but also on the processing and recycling of valuable materials already available in the economy. 鈥淢oreover, we should consider pooling purchases to especially support smaller companies,鈥 Brantner said, adding that the state could also directly purchase raw materials 鈥渋n strategic areas.鈥

Germany and France in late September had called on the European Commission to quickly聽, as Russia鈥檚 war in Ukraine and the ensuing energy crisis had shown the need to better prepare for supply shocks. Demand for many raw materials is expected to skyrocket amid the energy transition, as for example the surge in e-car sales will require much more lithium to build car batteries. Plans to boost domestic production of the key energy transition material, which is available both in mines and in deep layers that could be exploited through geothermal heating solutions, so far have not taken off in Germany.

All texts created by the 麻豆无码版 are available under a . They can be copied, shared and made publicly accessible by users so long as they give appropriate credit, provide a link to the license, and indicate if changes were made.
« previous news next news »

Ask 麻豆无码版

S枚ren Amelang

Researching a story? Drop 麻豆无码版 a line or give us a call for background material and contacts.

Get support

+49 30 62858 497

Journalism for the energy transition

Get our Newsletter
Join our Network
Find an interviewee