On 26 February, the European Commission introduced the Clean Industrial Deal, a business plan designed to bolster the competitiveness and resilience of Europe’s industry. It reaffirms Europe’s determination to become a decarbonised economy by 2050. The Deal puts forward concrete measures to make decarbonisation a driver of growth and mainly addresses two closely linked sectors: energy-intensive industries and clean tech. The former urgently needs support to decarbonise and electrify, given high energy costs, unfair global competition and complex regulations. Clean tech, meanwhile, is pivotal for future competitiveness and growth, as well as essential for industrial transformation. 

The Clean Industrial Deal covers the following elements: affordable energy, boosting demand for clean products, financing the clean transition, circularity and access to materials, partnerships and trade agreements, as well as ensuring access to a skilled workforce. 

To find out more about the deal: here.