EU Commission plans to boost clean tech, decarbonise

g the production of clean technologies to boost the EU’s struggling economy.

In her remarks, European Commission Vice President Teresa Ribera emphasized the economic potential of decarbonisation.

“Today, Europe is making a bold business case for decarbonisation as a driver of prosperity, growth, and resilience,” she said. “Our plan provides the stability and confidence investors need, unlocking capital, expanding clean tech markets, making energy more accessible, and ensuring a fair, competitive landscape where businesses can thrive.”

The measures include an action plan designed to lower energy prices in order to support the electrification of energy-intensive industries.

Additionally, the plan aims to boost demand for clean technologies produced within the European Union by implementing sustainability criteria in both public and private procurement processes.

The Commission is optimistic that these initiatives will mobilize over 100 billion euros ($104.9 billion) to support climate-friendly manufacturing across the EU.

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As part of the plan, the usual strict rules on state aid in the EU will be relaxed to simplify support for industrial decarbonisation efforts.

To further support businesses, European companies will also be given the opportunity to aggregate their demand for critical raw materials, enabling joint purchases from reliable suppliers at more favorable prices and conditions.

The Commission also announced that it would present specific measures for the struggling automotive industry next month, and additional plans for the steel and metals sectors are expected later this spring.