The European Commission has released its Green Deal Industrial Plan based upon four pillars aimed at scaling up domestic manufacturing capacity for net-zero technologies.
The plan – which was first announced during the World Economic Forum in Davos earlier this year – will be based on four pillars: a predictable and simplified regulatory environment, faster access to funding, enhancing skills and open trade for resilient supply chains.
Ursula von der Leyen, president of the European Commission, said: “We have a once in a generation opportunity to show the way with speed, ambition and a sense of purpose to secure the EU’s industrial lead in the fast-growing net-zero technology sector.”
Within its first pillar of simplifying regulatory framework, the Commission will propose a Net-Zero Industry Act that will identify renewable industrial capacity and provide a regulatory framework with simplified and fast-track permitting for its quick deployment.
Solar panels installed on the garage roof for Mr RM, Colchester (CO6), Essex
It will be complemented with a Critical Raw Materials Act for sufficient access to the materials – such as rare earths – vital for manufacturing key technologies, and the reform of the electricity market design, to make consumers benefit from the lower costs of renewables.
The second pillar will aim to give faster access to funding and investing in renewable manufacturing in Europe, within a level playing field between state members while making it easier to grant necessary aid to fast-track the green transition.