Critical Raw Materials, Industrial Policy, and the Energy Transition

• Robert Schuman Centre for Advanced Studies
• FSR: Florence School of Regulation Energy & Climate

In this joint FSR-NYU episode of #FSRDebates, we delve into two significant legislative initiatives on either side of the Atlantic: the United States’ Inflation Reduction Act (IRA) and the European Union’s Net Zero Industry Act (NZIA)and Critical Raw Material Act (CRM Act).

Our discussion will carefully examine some key provisions, goals, and policy approaches embedded within these acts, shedding light on their potential to drive innovation, mitigate environmental impacts, and reshape industrial landscapes. This comprehensive analysis will also consider how these legislative measures impact critical raw materials, emphasizing their central role in achieving sustainability targets.

Not only does the discussion address the geopolitical equilibrium, exploring how these legislative initiatives may influence global geopolitics, trade dynamics, and international power balances, but also the implications for supply chains, trade relations, and the broader global community's sustainability efforts, providing valuable insights into the global implications of these significant legislative endeavors.