EU announces Green Deal Industrial Plan to support climate neutrality

BTJ Desk Report
EU announces Green Deal Industrial Plan to support climate neutrality

The European Commission presented a Green Deal Industrial Plan to enhance the competitiveness of Europe’s net-zero industry and support the fast transition to climate neutrality, media reported.

The Plan aims to provide a more supportive environment for the scaling up of the European Union’s (EU) manufacturing capacity for the net-zero technologies and products required to meet Europe’s ambitious climate targets.

The plan builds on previous initiatives and relies on the strengths of the EU Single Market, complementing ongoing efforts under the European Green Deal and REPowerEU.

It is based on four pillars: a predictable and simplified regulatory environment, speeding up access to finance, enhancing skills, and open trade for resilient supply chains, the media reported citing a statement of the Commission.

In the statement, Ursula von der Leyen, president of the European Commission, said that they have a once-in-a-generation opportunity to show the way with speed, ambition, and a sense of purpose to secure the EU’s industrial leader in the fast-growing net-zero technology sector.

“Europe is determined to lead the clean tech revolution. For our companies and people, it means turning skills into quality jobs and innovation into mass production, thanks to a simpler and faster framework. Better access to finance will allow our key clean tech industries to scale up quickly,” she added.

A predictable and simplified regulatory environment, the first pillar of the plan, is about a simpler regulatory framework.

The Commission will propose a Net-Zero Industry Act to identify goals for net-zero industrial capacity and provide a regulatory framework suited for its quick deployment.

The Commission will also protect the Single Market from unfair trade in the clean tech sector and will use its instruments to ensure that foreign subsidies do not distort competition in the Single Market, also in the clean-tech sector.


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