The President of the European Commission, Ursula von der Leyen, confirmed that the EU is developing a new law on industry with zero emissions as part of updating the industrial plan to the goals of the "Green Deal".
The new law is the European Union's response to the US Inflation Reduction Act (IRA) and will set goals until 2030 for the development of clean technologies, as well as provide for accelerated issuance of permits for green industry, reports edie.
This happened during von der Leyen's speech at the annual summit of the World Economic Forum in Davos. She dedicated it the intention to make Europe a home for "green" technologies and industrial innovations on the way to climate neutrality.
Ursula von der Leyen confirmed that the new plan will include changes to:
- regulation;
- financing the transition;
- provision of relevant skills;
- promotion of trade in clean technologies and low-carbon industrial products in EU member states and beyond.
"The coming decades will see the greatest industrial transformation of our time, perhaps of any other time. And those who develop and manufacture the technologies that will form the basis of tomorrow's economy will have the greatest competitive advantage," von der Leyen said.
In addition, the President of the EC confirmed the creation of the "European Sovereignty Fund". This will allow funding to be allocated in the medium term, focusing on new technologies.
Also, she said, there could be a joint solution to provide quick and targeted support where it is most needed. A needs assessment is currently underway to determine which technologies and which national markets should be supported.
She said that there will also be reform of state aid, simplification of permit procedures, acceleration of approvals and introduction of tax discounts.
"The EU will also consider the possibility of relaxing the requirements for state aid for important projects of common European interest (IPCEI) focused on green technologies," the material says.
Martin Porter, executive chairman of the Cambridge Institute for Sustainable Development Leadership, called the announcement "a watershed moment for the EU and for everyone in Davos and beyond."
Earlier, EcoPolitic wrote, that in Davos, Switzerland, on January 16 began World Economic Forum, which will be fully dedicated to overcoming global world crises, in particular environmental and the Russian-Ukrainian war.
As EcoPolitic previously reported, the European Commission presented a list of the main indicators for progress monitoring in achieving environmental and climate goals by 2030, as well as the long-term vision by 2050.
