An industrial strategy for a competitive, green, digital Europe
The European Green Deal is the EU’s new growth strategy, aiming to transform the EU into a fairer and more prosperous society, with a modern, resource-efficient and competitive economy, with no net emissions of greenhouse gases by mid-century.
The main goal is to harness the significant potential in global markets for low-emission technologies, sustainable products and services in order to achieve climate neutrality by 2050. However, achieving a climate neutral and circular economy requires the full mobilisation of industry. All industrial value chains, including energy-intensive sectors, will have a key role to play.
The new Industrial Strategy for Europe will lead the twin green and digital transitions and become even more competitive globally. It will help industry to reduce their carbon footprint by providing affordable, clean technology solutions and by developing new business models. With the updated Strategy based on the lessons learnt from the COVID-19 pandemic the EU aims to ensure that European industry can lead the accelerated green and digital transitions.
The European Commission adopted a set of proposals to make the EU's climate, energy, transport and taxation policies fit for reducing net greenhouse gas emissions by at least 55% by 2030, compared to 1990 levels. More information on Delivering the European Green Deal.
In February 2024, the Commission adopted an EU Industrial Carbon Management Strategy to ensure investment in technologies that can sustainably capture and store carbon, and re-use it. This is essential if the EU is to achieve its target of climate neutrality by 2050. The strategy sets out how to scale up carbon capture technologies at EU and national level and create the necessary infrastructure to establish a single market for CO2 in Europe in the decades ahead.
