Carmakers are working to secure supplies of materials from lithium, nickel and manganese for batteries to magnesium for car components as they race to ramp up electric vehicle production.
The proposal would still face a vote from the full assembly to be included in the final draft text, which would itself go before a national referendum vote later this year.
One of the key questions for the outlook for energy commodities is how quickly the current high prices translate into demand destruction, writes Clyde Russell.