On 22 July 2022, the UK government published a policy paper entitled “Resilience for the future: The UK’s critical minerals strategy” (UKCMS). The UKCMS outlines how the UK will secure critical mineral supply chains to ensure the energy transition. It also sets out the UK state support for domestic production of critical minerals as well as enabling the supply from third-party nations.
On 26 June 2022, US President Joe Biden together with G7 officially launched the Partnership for Global Infrastructure and Investment (PGII). G7 leaders pledged to raise USD 600 billion in private and public funds over five years to finance the required infrastructure in developing countries.
Based on the initial information available, the scope of the PGII is wide and includes tackling the climate crisis, bolstering global energy security, developing clean energy supply chains, strengthening cybersecurity and further developing digital and health infrastructure. It also focuses on gender equality and equity.