The European Commission has launched the Clean Industrial Deal to boost competitiveness, resilience, and decarbonization in Europe’s industry. Focused on energy-intensive sectors and clean technologies, the plan includes the Industrial Decarbonisation Accelerator Act, which will increase demand for EU-made clean products and introduce a carbon intensity label for industrial goods, starting with steel in 2025. The Commission will also update the Public Procurement Framework by 2026 to prioritize sustainability and European-made products.
To support these goals, over €100 billion will be mobilized for clean manufacturing, including €1 billion in guarantees. A new State Aid Framework will streamline approvals for renewable energy and industrial decarbonization projects, while an Industrial Decarbonisation Bank is being proposed to secure an additional €100 billion in funding.
Source: Energy Ghana