The European Commission has leaked a draft of its Clean Industrial Deal, a policy agenda aimed at making the EU a global leader in clean tech by 2030. The plan promises to provide clear incentives for companies to decarbonize within Europe and promote six “business drivers” for growth and prosperity. The plan includes initiatives such as developing affordable energy, boosting demand for hydrogen, and promoting circularity and access to raw materials. The Commission also reiterates its commitment to reducing greenhouse gas emissions by 90% by 2040. However, critics have noted that the plan is largely a patchwork of previously announced initiatives and lacks detail on financing and energy savings. The plan also fails to address the issue of who will foot the bill for these ambitious goals. While the direction of the plan is generally positive, many crucial gaps remain unanswered.
EU reaffirms its commitment to reducing emissions by 90%, striving to set a new global standard in the pursuit of a circular economy leadership.
