Lifecycle
- Effective
- Last change
Country / jurisdiction: Germany · Year: 2023 · Status: In force · Level: National · Type: Voluntary
Germany's National Security Policy lays out integrated security measures to ensure that all areas potentially subject to external threats are covered. It particularly includes a strategy on boosting economic and financial resilience and raw materials security.
Citing geopolitical tensions, the federal government commits to strengthening its raw materials and energy security through diversification . To ensure that economic ties do not adversely impact security, the government plans to:
reduce critical dependencies and concentration risks;
prevent new dependencies in strategically relevant sectors;
procure strategically important raw materials from reliable partners;
focus on the potential of the circular economy
explore the potential of domestic raw materials extraction, taking account of environmental concerns; and
foster international cooperation.
Specifically on the strategy for the supply of raw materials , the government lists the following actions it will undertake:
create a framework for consistent monitoring of raw materials supply chains;
develop incentives for industry to strategically stockpile critical raw materials and build up strategic reserves;
develop sustainable value in supply chains;
conclude ambitious trade and investment agreements to drive diversification of trade and supply contracts;
analyse critical dependencies and support an EU-wide early warning system and monitoring of critical supply chains (particularly focusing on stockpiling and developing a circular economy); and
tighten measures against financial crime and money laundering within the context of the Financial Action Task Force (FATF).
Official source: https://www.nationalesicherheitsstrategie.de/National-Security-Strategy-EN.pdf
Source
https://www.iea.org/policies/17589Canonical document at the regulator. Always cite this URL — not the Vantage detail page — in compliance evidence.