Commodity trading is usually a free market affair. But in times of green transformation, Economics Minister Habeck wants to reserve a more active role for politicians.
The Ministry of Economic Affairs advocates a “more active role” for the federal government in the supply of important raw materials. This emerges from a draft of key points for an update of the raw materials strategy of the federal government from the house of Minister Robert Habeck (Greens), which is available to the German Press Agency in Berlin. The “Handelsblatt” had previously reported on it.
“While in times of free markets and a balancing of supply and demand, companies can certainly best secure their concrete needs for raw materials, this is not necessarily the case in times of digital and green transformation and changing geopolitical situations,” it says Paper.
In order to become less dependent on imports, for example, the recycling of raw materials should be promoted. Construction waste is often only reused in road construction instead of the materials contained being recovered. The necessary technology is available, but high costs and legal requirements stand in the way.
Identify bottlenecks early
With the help of “stress tests”, the ministry wants to determine which important raw materials could cause bottlenecks. Companies whose supply chains are threatened with problems should have to state how they intend to deal with these risks in the medium term.
In order to close any short-term gaps, the storage of critical and strategic raw materials at companies should be promoted and, if necessary, established by the state. A state-private fund is to support raw material projects at home and abroad. “The fund is intended to provide equity, loans and guarantees to finance projects for raw material extraction, processing and recycling – especially in the capital-intensive scaling phase” – i.e. in the phase in which existing projects are expanded.
In order to reduce one-sided dependencies on supplier countries, the ministry wants to expand cooperation with countries and regions “that are considered value partners for the German federal government”.
Source: Stern
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
