With South Africa holding 63,000 of the world’s estimated 69,000 metric tons of platinum reserves – according to the Statista.com website – and Russia and Zimbabwe a further 5,100 between them, the European Commission has cited the metal as an example of a potential supply chain bottleneck that could handicap its grand plans for renewables-powered hydrogen production.
The bloc should accelerate investment into mining and processing within its shores, as well as ramping up recycling, according to European employers and trades unions, with coal workers already equipped with the necessary transferable skills.
The European Parliament and Council of Ministers continued to tidy up the details of the bloc’s Covid-recovery package today by publishing the rules of how the money will be disbursed.
The commission has proposed updating the law which regulates the bloc’s cross-border energy networks to include new energy storage technologies and smart grids as well as removing fossil fuel eligibility for public funding.
An extensive European Commission regulation has set the bar on those economic activities deemed to help in the war against global heating and, by implication, those which may hinder the effort.
A clean energy plan drawn up by the European Commission includes details of the various funding pots available to help ocean-based renewables hit 340 GW of generation capacity by mid century.
Italy is in line for €11.4 billion if member states sign off an emergency funding package which will distribute funds based on the GDP and unemployment figures of their economies in June, July and August.
The European Court of Justice in July agreed with the Chinese manufacturer, which had said the European Commission had no right to collect duties of 47.7% on any products exported before the company had been notified – in October 2016 – that it was having its access to a minimum price agreement withdrawn by the EU.
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