The Inflation Reduction Act and the Green Deal Industrial Plan: Transatlantic Cooperation on Critical Minerals
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The United States' Inflation Reduction Act (IRA) and the European Union's Green Deal Industrial Plan (GDIP) are historical pieces of legislation aimed to rapidly decarbonize the US and EU economies, with a strong emphasis on the role of industrial decarbonization in achieving Paris Agreement targets. Critical minerals are of immense importance within this conversation. As a key component to many green technologies, ensuring safe, sustainable, and secure supply chains for these minerals is critical to the global energy transition.
In light of the IRA and the GDIP, the US and EU have the opportunity to develop transatlantic engagement with third countries on critical minerals that can catalyze green, local value chains in partner countries, avoid extractivism and labor abuses, and enable those countries’ green transitions, all while pursuing diversified, strong, and secure critical mineral supply chains.
This event, hosted as part of the Transatlantic Climate Bridge Conference 2023, explored the opportunities provided by the IRA and the GDIP for transatlantic cooperation on critical minerals.
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Global Europe Program
The Global Europe Program is focused on Europe’s capabilities, and how it engages on critical global issues. We investigate European approaches to critical global issues. We examine Europe’s relations with Russia and Eurasia, China and the Indo-Pacific, the Middle East and Africa. Our initiatives include “Ukraine in Europe”—an examination of what it will take to make Ukraine’s European future a reality. But we also examine the role of NATO, the European Union and the OSCE, Europe’s energy security, transatlantic trade disputes, and challenges to democracy. The Global Europe Program’s staff, scholars-in-residence, and Global Fellows participate in seminars, policy study groups, and international conferences to provide analytical recommendations to policy makers and the media. Read more
Latin America Program
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Wahba Institute for Strategic Competition
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