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At a Glance – Resilient supply chains in the green transition: EU-US Explainer – 28-07-2021

The green transition will increase demand for critical minerals, high capacity batteries, and semiconductors. An electric vehicle requires six times more critical minerals than a conventional car, while an onshore wind power plant requires nine times more critical minerals than a comparable gas-fired plant. Likewise, the lithium-ion battery market is expected to become five to ten times larger by 2030 on account of demand for electric vehicles and stationary storage. Meanwhile, semiconductors underpin virtually every technology, giving them industrial and national security significance. Dependence on a few countries (e.g. China) for these critical inputs and technologies has sparked interest in policies to increase supply chain resilience, for instance through greater domestic production. As the EU and US face similar challenges, in June 2021 they agreed to establish the EU-US Trade and Technology Council, which will also address cooperation on supply chains.

Source : © European Union, 2021 – EP

Highlights – Motor Insurance Directive: committee vote – Committee on the Internal Market and Consumer Protection

close up of car's fumes emissions in the traffic jam
The Committee on Internal Market and Consumer Protection will vote on the provisional inter-institutional agreement on the Motor Insurance Directive, on 12 July. The amended rules aim to better protect injured people when accidents occur in any EU member state, including domestic victims of an accident caused by a driver from another EU country. They also harmonise minimum amounts of cover. Victims of accidents will also be protected if a liable party’s insurance company goes bankrupt.

Source : © European Union, 2021 – EP

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