The EU together with Norway signed a Memorandum of Understanding (MoU) launching a strategic partnership to develop sustainable land based raw materials and battery value chains.
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The MoU was signed by MaroÅ¡ Å efÄoviÄ, Executive Vice-President for the European Green Deal, Interinstitutional Relations and Foresight of the European Commission, and Jan Christian Vestre, Minister of Trade and Industry of the Kingdom of Norway.
The new partnership offers a comprehensive framework for future-oriented and long-term cooperation between the EU and Norway in the area of two value chains of strategic importance.
Supported by geographical vicinity, their closer integration can help decrease the risks of trade disruptions, while increasing overall competitiveness of economies and creating high-quality jobs.
This MoU establishes close cooperation between the EU and Norway in the following five areas:
• Integration of raw materials and batteries value chains, by facilitating joint investment projects through joint ventures, consortia, special purpose vehicles and other forms of cooperation by industrial actors, including linking final users with raw materials suppliers.
• Cooperation on research and innovation (R and I), while results from joint projects will provide a good basis for potential industrial uptake and implementation. Norway was very active in EU Framework Programme for R and I - Horizon 2020 and continues to do so under the current Horizon Europe.
• Application of high environmental, social and governance standards and practices will be facilitated through mutual consultation and exchange of information on relevant policies and initiatives along the entire value chains, including recycling and waste management.
• Mobilisation of financial and investment instruments to support investment projects under the Partnership, notably through Invest EU, the European Raw Materials Alliance and the European Battery Alliance.
• Developing necessary skills for high-quality jobs in raw materials and battery sectors. This includes mobilising stakeholders and financial support for the development and deployment of adequate initiatives and the uptake of existing ones like the European Battery Academy.
Following the signature of the MoU, the EU and Norway will jointly work with stakeholders on implementing the Roadmap for the Partnership. As a first activity, a business match-making event is planned during Hannover Messe on 22 April. ■