EU Green Deal Industrial Plan [Gas in Transition]
EU Green Deal Industrial Plan [Gas in Transition]
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Natural Gas News
EU Green Deal Industrial Plan [Gas in Transition]
Summary
Europe needs an industrial policy and the GDIP is a step in the right direction, but it has come quite late. More work is needed for the Plan to deliver the clean tech expansion Europe needs and to turn ambition into effective action. [Gas in Transition, Volume 3, Issue 3] by: Charles Ellinas
European Commission president Ursula Von der Leyen first announced the European Green Deal Industrial Plan (GDIP) at the World Economic Forum in Davos in January 2023. The European Commission (EC) published a draft on February 1. It outlines how Europe will become more resilient and competitive as it moves closer towards a zero-emission industry and climate neutrality. It seeks to use national and EU instruments to improve conditions for investment and enable the expansion of manufacturing capacity for net-zero technologies and products. On March 16, the EC followed this by publishing two Acts: the Net-Zero Industry Act and the European Critical Raw Materials Act. These are part of the GDIP, and aim to define a clear European framework to reduce EU’s reliance on highly concentrated imports, as is EU’s Electricity Market Design, published on March 14. Through these, the EU aims to strengthen its competitive edge through clean-tech investment and to continue leading on the path to climate neutrality. But it also hopes to stem the ongoing threat of European deindustrialisation. A key aim of the NZIA is the scaling up of “clean technology manufacturing in the EU with a target to provide at least 40% of the EU’s annual deployment needs for strategic net-zero technologies by 20...
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