The Commission says the new plan aims to enhance the competitiveness of Europe’s net-zero industry and support the fast transition to climate neutrality.
The plan aims to provide a more supportive environment for the scaling up of the EU’s manufacturing capacity for the net-zero technologies and products required to meet Europe’s climate targets.
The Commission says 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.
Europe is determined to lead the clean tech revolution.
Commenting on the new plan, Ursula von der Leyen, President of the European Commission, said: “We 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 lead 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.”
The pillars of the plan are to create a “simpler regulatory framework”, speed up investment and financing for clean technology production in Europe, develop green skills and foster “global cooperation” and make trade work for the green transition under the principles of fair competition and open trade.
