The EU's Industrial Plan aims to strengthen the competitiveness of European industry on the path to climate neutrality

In February, the European Commission published its Green Deal Industrial Plan. Its aim is to strengthen the competitiveness of European industry as it transitions to climate neutrality. What specific measures does the plan include?

The European Union's (EU) Green Deal aims to make the EU carbon-neutral by 2050, and the recently announced Industrial Plan is a critical part of that effort. Among other things, the EU responded with the plan to the US Inflation Reduction Act, which aims to attract and retain key industrial sectors in the United States. An analysis of the European plan was recently published by Energypost.

The EU Industrial Plan aims to ensure that at least 40% of the low-carbon technologies used in the Union are manufactured within its borders by 2030. The plan defines eight strategic net-zero technologies.

These include solar power plants (for both electricity and heat generation), wind power plants, batteries and other energy storage technologies, heat pumps and geothermal technologies, electrolysers and biogas and biomethane technologies.