The European Commission is set to introduce the Clean Industrial Deal (CID), a comprehensive package aimed at revitalizing the EU economy. The plan addresses critical raw materials, international cooperation, and an action plan for lower energy prices. A key focus is on energy-intensive industries and clean technologies, with a goal to produce 40% of climate-friendly technologies within the EU by 2026.
The Commission also intends to revise public procurement directives to favor European companies and is urging member states to reduce electricity taxes to lower energy costs. Additionally, the EU aims to reduce dependencies on raw materials by increasing recycling, targeting 25% of strategic raw materials from recycling by the end of the decade.
While maintaining its commitment to climate neutrality by 2050 and a 90% reduction in greenhouse gases by 2040, the Commission plans to ease sustainability reporting requirements for companies and potentially reduce obligations under the EU Supply Chain Act. These measures aim to stimulate economic growth and facilitate the green transition, requiring significant investments in energy, industry, and transport, leveraging both public and private capital.