Despite its current strong position in the net-zero industrial race, the EU could lose its advantages and its industry if it does not adapt its policies quickly, according to a report by the think tank Strategic Perspectives published on Monday 14 October.
The authors of the document, Neil Makaroff and Aymeric Kouam, formulate solutions for implementing the “Clean Industrial Deal” put forward by President of the European Commission Ursula von der Leyen.
By 2040, at least €668 billion will have to be injected into the ‘net-zero’ industrial strategy, according to the authors of the report. To achieve this, they suggest extending the governance and resources of the NextGenerationEU recovery plan until 2030. The challenge is to move quickly and not wait for the negotiations on the next Multiannual Financial Framework to finance the future Competitiveness Fund.
As part of a second pillar, which advocates strengthening net-zero industry value chains, Strategic Perspectives focuses on Important Projects of Common European Interest (IPCEI). Provided they are reformed, IPCEIs are very useful for channelling national resources into large-scale projects that can strengthen value chains in Europe, according to the authors, who agree with Mr Letta and Mr Draghi on this point.
They also recommend the use of lead markets for green technologies, to provide visibility on demand. The same applies to public procurement, which should offer interesting markets for European clean technology manufacturers.
See the report: https://aeur.eu/f/dvn (Original version in French by Léa Marchal)