European Commission unveils major clean industry support package
Brussels is pushing for long-term renewable energy support and easier access to critical raw materials for green industries.
The European Commission has proposed a €100 billion plan to support clean manufacturing across the EU as part of its broader strategy to enhance industrial competitiveness.
The Clean Industrial Deal aims to help energy-intensive industries tackle high costs and complex regulations while competing with global rivals.
The plan includes new guarantee schemes, developed in partnership with the European Investment Bank, to lower costs for long-term renewable energy contracts and provide financial support for grid manufacturers.
A proposed EU Critical Raw Material Centre would coordinate the joint purchase of essential metals and minerals needed for the green transition.
Brussels’ initiative is part of a wider effort to streamline bureaucracy, adjust carbon duties, and create a more business-friendly environment for clean industries.
The proposal now awaits approval from the European Parliament and a reinforced majority of EU member states before it can take effect.
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