Today, low carbon technologies account for 20% of global critical raw materials’ (CRM) consumption, with estimates for 2030 predicting a doubling from 2010 values.
These technologies, characterised by low emission and low environmental impact are essential to create a more sustainable future. However, the raw materials needed to keep up the production of these economically and environmentally beneficial inventions are scarce in Europe. A viable solution for this matter is to turn to secondary raw materials (SRM) that are already contained in products being used in Europe.
To do so, Europe needs to face certain issues:
- varying interests and capacities of actors in the value chain,
- a lack of transparency and traceability in the supply chain,
- a lack of a common tool for effective communication and planning among upstream and downstream stakeholders,
- insufficient oversight on SRM stocks and flows in the technosphere
Furthermore, information sharing along supply chains is still a manual and tedious process. This, in turn, has created many islands of data and confusion of terms used, hindering the identification of best practices to recover, recycle and reuse SRM or, in other words, failure in the design of a circular economy for materials.
As a solution, CE-RISE will develop and pilot an IT system that identifies optimal solutions for the effective, reuse, recovery, and recycling of materials.