By Cyber Era NG Special Correspondent
The European Bank for Reconstruction and Development is organising a discussion at Davos 2024, Ice Village, on cooperation and trade in critical raw materials on the 18th of January between 16.00-17.00 CET/15.00-16.00 GMT.
The sessions will be livestreamed on ebrd.com and social media channels.
A successful green transition will require a large increase in the supply of critical minerals and metals. Yet geopolitical frictions, which have put the global economy on a path toward fragmentation, could not only have profound implications for economic stability and growth but could also jeopardise efforts to combat climate change. Technological decoupling by the US and the European Union’s vision of “strategic autonomy” have the stated goal of preventing other countries from weaponising trade, but carry significant risk of retaliation. As of 2022, 30 per cent of exports of critical raw inputs were under some form of export restrictions, and a further proliferation of such restrictions could be detrimental to the green transition.
This session will explore how to support multilateral efforts in the global fight to preserve planetary health and humanity’s future. The benefits of reducing greenhouse gas emissions and tackling climate change are universal. Therefore, reducing trade conflicts, countering fragmentation in the supply of critical raw materials and building trust need strong support and voice in international fora.
Speakers include:
- President of the European Bank for Reconstruction and Development, Odile Renaud-Basso
- Chief Executive Office, Rio Tinto, Jakob Stausholm
- Director-General, WTO (Invited) Ngozi Okonjo-Iweala
- European Commissioner for Trade, European Commission, Valdis Dombrovskis
The discussions will be moderated by Chief Economist of the European Bank for Reconstruction and Development, Beata Javorcik.
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