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Europe

The European Union made the worst mistake in its history: desperate measures as energy ran out

thedailyposting.comBy thedailyposting.comApril 6, 2024No Comments

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of european union has just made the worst mistake in its history, dragged down by its boundless ambitions and unclear energy policy. This year, 27 countries have taken unprecedented decisions that directly impact Africa. The decision is motivated by impending food shortages. energy on the continent. what are they going to do? We will talk about their projects and their results.

European Union is short on energy: the problem lies in raw materials

The European Union (EU) is facing an unprecedented energy crisis, with price hikes and supply disruptions caused by Russia’s invasion of Ukraine. This is forcing the EU to urgently explore alternative energy sources. Key raw materials needed for green transition.

As Europe’s own mineral reserves dwindled, the EU turned to resource-rich Africa for supplies. However, the promotion of new agreements in Africa carries significant risks unless pursued sustainably and equitably. Critics argue that the EU’s enthusiasm for new energy sources should not come at the expense of Africa’s development needs.

There are also concerns that hasty deals could reproduce colonial-era practices and undermine trust and cooperation. In courting African countries, the EU must: Balancing immediate energy security obligations Build long-term partnerships. Care must be taken to form an agreement that allows both parties to prosper.

European Union returns to colonial practices: African country gets drilled

The European Union (EU) recently entered into a strategic partnership with Rwanda to secure the supply of critical raw materials needed for the transition to green energy. This includes materials such as lithium, cobalt, nickel and rare earth elements that are essential for electric vehicle batteries, renewable energy technologies and electronics.

Under the agreement: EU plans to invest more than 10 million euros in exploration Capacity building to develop Rwanda’s mining sector. The project aims to map Rwanda’s mineral reserves, build technical expertise and establish responsible and sustainable mining practices.

For the EU, the deal will help diversify its supply chains beyond dominant producing countries like China. Securing alternative sources of these materials is critical as the EU moves towards its climate neutrality goals and requires greater quantities. The partnership builds on the EU’s raw materials initiative to strengthen domestic sourcing.

The cooperation also aims to promote responsible mining in Rwanda that respects environmental, social and governance standards. By developing local capacity, the EU will help Rwanda unlock greater economic benefits Ethically sourced from mineral resources.

The idea is controversial, but not illegal: why this project could work in Rwanda

The agreement with the EU is expected to support Rwanda’s economic development and job creation. Extracting and processing critical raw materials locally has the potential to boost domestic industry and provide employment opportunities. You can also earn revenue from mining activities. used to finance other development programs.

Specifically, the agreement aims to foster investment in mining and processing in Rwanda, develop skills and know-how, and ensure responsible and sustainable management of the sector. The EU is contributing more than €10 million to support Rwanda’s capacity building and responsible mining practices.

Supporting the critical raw materials sector is consistent with Rwanda’s national development goals. The country has rich mineral resources that are largely untapped. Developing the sector through partnerships like the EU agreement can encourage industrialization, export growth and job creation for Rwandans.

clearly, european union We are not yet aware of any backlash in African countries, but they have taken the wrong step. In any case, we are aware that Rwanda is not a source of raw materials that meet the sustainability standards of 27 countries. energy The shortage on the continent causes them to make hasty decisions (no, it’s not the first time).

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