Leading the clean tech revolution
The Green Deal Industrial Plan enhances the competitiveness of Europe's net-zero industry and is accelerating the transition to climate neutrality. It does so by creating a more supportive environment for scaling up the EU's manufacturing capacity for the net-zero technologies and products required to meet Europe's ambitious climate targets.
The road to net-zero
The four pillars of the plan
To secure Europe’s place as the home of industrial innovation and clean tech, the Green Deal Industrial Plan will cover four key pillars:
A predictable and simplified regulatory environment
This pillar of the plan is about the regulatory environment. This means creating a simpler, faster and more predictable framework, securing the volumes needed for raw materials, and ensuring users are able to benefit from the low costs of renewables. There are three initiatives to support this work.
Net-Zero Industry Act
Identifying goals for net-zero industrial capacity and provide a regulatory framework suited for its quick deployment
Critical Raw Materials Act
Ensuring sufficient access to those materials, like rare earths, that are vital for manufacturing key technologies
Faster access to funding
The second pillar of the plan will speed up investment and financing for clean-tech production in Europe.
Under competition policy, the Commission aims to guarantee a level playing field within the Single Market while making it easier for the Member States to grant necessary aid to fast-track the green transition. To that end and in order to speed up and simplify aid granting, the Commission
- consulted Member States and amended the Temporary State Aid Crisis and Transition Framework
- revised the General Block Exemption Regulation in light of the Green Deal
The Commission will also facilitate the use of existing EU funds for financing clean tech innovation, manufacturing and deployment, with a focus on REPowerEU, InvestEU and the Innovation Fund. The Commission will also look to set up the European Sovereignty Fund, as a mid-term structural answer for the investment needs.
Enhancing the necessary skills
With a huge growth in new technologies, we will need a huge growth in skills and skilled workers in this sector. To develop the skills needed to make the green transition happen, the Commission will:
- propose to establish Net-Zero Industry Academies that will help roll out up-skilling and re-skilling programmes in strategic industries
- consider how to combine a ‘Skills-first' approach, recognising actual skills, with existing approaches based on qualifications
- look at how to facilitate access of third country nationals to EU labour markets in priority sectors
- look at measures to foster and align public and private funding for skills development
Facilitating open and fair trade
The fourth pillar is about global cooperation and making trade work for the green transition, under the principles of fair competition and open trade, building on the engagements with the EU's partners and the work of the World Trade Organization (WTO).
To that end, the Commission will continue to develop the EU's network of Free Trade Agreements and other forms of cooperation with partners to support the green transition. It will also keep defending the Single Market from unfair trade practices.
A clean-tech race is in full swing. The largest economies in the world – from the United States to India, from China to Japan – have all started to invest massively in green innovation. While this can only be good news for our planet, it is of course a lot of pressure on the EU’s own clean transition.
In order to achieve the EU’s clean transition, we need both a global and a European level playing field. This means getting better at nurturing our own industry – from hydrogen to chemicals, from biotech to nanotech. And it is to achieve this goal that the Green Deal Industrial Plan for Europe has been launched.