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Low-carbon business/EU plan for a competitive economy

2025-03-04 15:36:00, Ekonomi CNA

Low-carbon business/EU plan for a competitive economy

The European Commission has unveiled its Clean Industry Pact to support companies in the race to develop clean technologies. It announced that it is initially putting €100 billion on the table in response to international competition.

The European Union will become the global destination for green technologies. This is one of the stated objectives of the Clean Industry Pact, presented by the European Commission.

The idea is to make decarbonization a factor in the continent's growth and reindustrialization. The plan is designed to enable the 27 member states to make the transition to a low-carbon economy while keeping pace with their Chinese and American competitors.

"The Clean Industrial Pact represents a paradigm shift in European industrial policy. For the first time, there is talk of a European preference, particularly for public procurement, to encourage green technologies produced in Europe," explains Neil Makaroff, director of the think tank Strategic Perspectives.

"For the first time, we will also invest in value chains on a European scale, especially where there is a gap. Usually, we don't have the lithium refining capacity, when in fact we need it to produce batteries," he adds. /CNA 





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