EU, Kazakhstan sign agreement on raw materials, battery and hydrogen
- Nov 8, 2022 12:15 am GMT
The agreement was signed on the sidelines of the
The memorandum of understanding, which establishes a partnership between the EU and
"A secure and sustainable supply of raw materials, refined materials and renewable hydrogen is a key layer to help build a new, cleaner foundation for our economies, especially as we move away from our dependency on fossil fuels,"
The head of the EU executive stressed that the agreement with
The commitments are reflected,
The partnership focuses on three areas of collaboration, the
The first focuses on closer economic and industrial integration in the strategic value chains of raw materials, batteries and renewable hydrogen.
This objective includes the identification of joint projects along the respective value chains, including recycling and attracting private investment; the alignment of high environmental, social and governance (ESG) standards; and modernizing mining and refining processes and technologies through the introduction of new sustainable technologies and practices.
The second area of collaboration will focus on increasing the resilience of supply chains with improved transparency and reporting on measures related to investments, operations and exports.
And thirdly, the two sides are committed to closer bilateral cooperation on capacity-building, skills and research and innovation in, for example, the decarbonization of the critical raw materials value chain, including through the use of renewable energy and digitization; greening and sustainability of mining processes; and the management of industrial mineral waste and extraction of critical raw materials.
To advance in these three areas, the EU and
The actions will be carried out in close cooperation with relevant industrial and financial stakeholders from EU member states and
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