- Why do we need the Clean Industrial Deal?
The EU must urgently tackle three challenges at once: climate change, competitiveness, and dependency on critical raw materials. Decarbonization is crucial to address these challenges. The Draghi Report highlights that decarbonization policies can drive growth when integrated with industrial, competition, economic, and trade policies. Hence, Europe needs a transformative business plan that integrates climate, circularity, and competitiveness under one overarching growth strategy. More information
- What is the Clean Industrial Deal, and what does it aim to achieve?
The Clean Industrial Deal is a business plan that makes decarbonization feasible and profitable for industry in Europe. It aims to accelerate decarbonization, promote the circular economy, and support re-industrialization as sources of growth and prosperity across Europe. The Deal offers companies long-term predictability on climate ambitions, allowing them to invest and minimize investment risks.
- Is the Clean Industrial Deal lowering the ambitions of the Green Deal?
Europe has set an ambitious target to become a decarbonized economy by 2050. It will stay the course on the objectives of the European Green Deal, achieving the 55% net greenhouse gas emissions reduction by 2030 and an intermediate 90% target by 2040.
- How will the Clean Industrial Deal help the EU industry?
The Clean Industrial Deal supports industry growth by focusing on the entire value chain. It aims to:
- Make energy more affordable, crucial for industry competitiveness.
- Facilitate supply and create demand for clean products and materials.
- Make financial resources available for decarbonization and competitiveness investments.
- Secure access to raw materials and resources within the EU.
- Create partnerships for global market access.
- What are the main legislative and regulatory initiatives?
The Clean Industrial Deal outlines several legislative and regulatory initiatives to support European industries, such as the Industrial Decarbonisation Accelerator Act, revision of the Public Procurement Directive, the Circular Economy Act, and more.