The European Commission presented a plan to stimulate the green industry

The European Commission (EC) on February 1 published a Green Deal plan to increase the competitiveness of EU industry in the face of the US and China, the document was presented at a press conference by EC President Ursula von der Leyen. It includes reform of the regulatory framework, simplification and increase in financing of green energy and production. Brussels wants to integrate this plan into the European “Green Deal”, which aims to reduce greenhouse gas emissions to zero by 2050. First of all, the EU wants to create a “predictable, harmonized and simplified regulatory environment” for green industry in the EU space.

A law will be developed to support zero-emission technology and industry. First of all, we are talking about batteries, windmills, heat pumps, solar panels, technologies for capturing and storing carbon dioxide. This document should define the goals of green industry and strategic development directions until 2030, taking into account the entire cross-border supply chain. The law should ensure the safety and uninterrupted import of critical raw materials from third countries against the background of the fact that some types of such raw materials from Russia may stop being supplied. In addition, the document will reduce the time for issuing permits for green enterprises and introduce the “one stop shop” principle for them. The EC will also assess the possibility of establishing “regulatory sandboxes” in this area by summer 2023 to test administrative processes.