On March 21st, I-Com invited Stefano Soro, Head of Unit of Green and Circular Economy of DG Grow, European Commission for the Power Breakfast centred on the recently announced plans of the EU executive to put forward a Green Deal Industrial Plan. The event was joined by representatives from various institutions, trade and consumer associations, as well as independent experts and industries.
I-Com Policy Brief discusses the Green Deal Industrial Plan for the Net-Zero Age, the EU comprehensive strategy to enhance Europe’s net-zero industry competitiveness and support a fast transition to climate neutrality. The plan aims to address major industry shortcomings with regulatory simplification, skills enhancement, and supply chain security. Recently, the Critical Raw Materials Act and the Net-Zero Industry Act were released as part of the GDIP’s core structure to address supply dependence and promote clean technology manufacturing. The establishment of a European Hydrogen Bank is also intended to encourage investment in sustainable hydrogen production. These instruments are aimed at ensuring a suitable regulatory framework and common financial resources to support all Member States’ transitions towards green industrialization.
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