Improving Europe’s competitiveness in the field of zero emissions and supporting the transition towards climate neutrality: with this goal the European Commission presented yesterday the Green Deal Industrial Plan whose perimeter revolves, in particular, on a common sovereign wealth fund by the summer e state aid in the short term.
Green Deal, EU presents plan
During the press conference, the president of the European Commission Ursula von Der Leyen explained that the proposal on a European Sovereign Fund to finance the program will be presented before next summer, through a revision of the current one multiannual budget of the European Union. The fund, according to the intentions of the Community executive, would serve to give a structural response to investment needs especially in the context of transitions digital and green.
On the state aid “it is important to avoid the fragmentation of the single market and ensure a level playing field,” he specified. “We must stress that state aid is targeted and temporary. There are six well-defined areas which are the key industrial sectors now where we need to go to find alternatives. We want our businesses to stay between us and thrive,” von der Leyen explained.
Europe responds to the USA
“We welcome the news arrived with l’Inflaction Reduction Act americano. We are competitive and we believe competition is needed. It is important for us to ensure a level playing field globally and within the single market,” said von der Leyen. “To grow the carbon neutral industry needs a simple and predictable regulatory framework. We will propose a net zero emissions law, which will focus on speeding up licensing, cross-border cooperation,” he added.
According to the President of the Commission, Europe has “a unique opportunity to lead the way with speed, ambition and determination to ensure industrial leadership in the rapidly growing net-zero technology sector. The EU is determined to lead the clean technology revolution”.
“It is not enough”
The EU Industrial Plan arrives too late, and it’s too little. We welcome the EU Commission’s proposal for a “Business Plan for the Green Deal”, but we regret that it did not arrive sooner and that it will have limited effect. The EU must give priority to industrial competitiveness”: this is the comment of the Popular Europeans to the Green Deal Industrial Plan presented by Commission President Ursula von der Leyen.
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