Setting the right priorities for the climate and cleantech
In the face of growing international competition in green technology, the launch of the Green Deal Industrial Plan (GDIP) is welcome. By focusing on the regulatory environment for clean technologies, financing, skills and trade, the GDIP is a building block towards an ambitious green industrial policy at the EU level.
The Commission’s proposal can contribute to transforming European industry and increase its competitive sustainability. Strong support is needed to capture the growing value chain of cleantech in Europe, at the benefit of climate, employment and economic resilience.
But the EU’s Net Zero Industry Act (NZIA), which is supposed to cover the regulatory and skills pillars of the GDIP, is not yet fit for purpose. It lacks well-designed targets and appropriate resources to truly speed up and scale up the manufacturing of clean technologies across Europe. To be effective Europe’s response should mirror the United States’ IRA in focus, simplicity and visibility.
Uphold the European Green Deal
The Commission must champion the Green Deal as a strategy for hope, resilience and fairness. Now is the moment to lead with courage – and to invest in...
But going back on the 2035 zero-emissions target and deploying no industrial strategy could instead see loss of 1 million auto jobs.
A new study models the impact of EU electric vehicle leadership and ambitious policies on investment and jobs.