The European Commission has adopted a communication outlining the steps the Community has taken to promote, support the development and implementation of clean technologies. According to the communiqué, clean technologies in the EU are being developed by strengthening the single market, ensuring a level playing field, supporting research and innovation, expanding the network of trade agreements and mitigating external change.
Clean technologies in the EU
Clean technologies in the EU play a crucial role in the ecological transition and in combating climate change and biodiversity loss. As part of the European Green Deal, and through a skillful combination of measures from different policy areas, the EU has created a legal framework and business environment that supports economic growth and encourages the development, production and deployment of clean technologies.
The EU is one of the world leaders in clean technology. The Union has recently significantly increased financial support to accelerate the transition to climate neutrality. One of the European Commission’s goals is to encourage the use of clean energy with fair competition. Clean technology financing should be implemented with a win-win approach to strengthen the world’s climate and environmental balance and avoid competition where some gain and others lose.
The European Union has developed an ambitious regulatory framework, aiming to make Europe the first climate-neutral continent by 2050. The set of regulations under the “Ready for 55” package includes a strengthened and expanded emissions trading system and a new mechanism for adjusting border prices withCO2 emissions. With this legislation, the EU should be able to reduce greenhouse gas emissions by at least 55 percent, according to the plan. By 2030.
EU support for investment in clean technologies
As much as 32.6 percent is projected for 2021-2027. of the EU’s total budget, or €578 billion, will fund climate action. In addition, in support of investment in clean technologies, the Commission will hold the first-ever EU-wide auction for renewable hydrogen production. The initiative is aimed at hydrogen producers, and is scheduled to be launched on November 23 this year. The budget for the auction is 800 million euros, and the money for it comes from the Innovation Fund.
Clean technologies – support through national public investment
The development of clean technologies is also supported by domestic public investment. As of March 2023. The Commission has approved programs under which member states intend to allocate a total of some €6.9 billion for clean technology investments, and this is not the end of the analysis of the documents.
EU cooperation on clean technology development with stakeholders
Industry alliances such as the European Battery Alliance(EBA) and the European Clean Hydrogen Alliance (ECH2A), played an important role by bringing together policy makers and facilitating closer cooperation. In October 2023, the first hydrogen dialogue was held as part of the series of Clean Transition Dialogues announced by President Ursula von der Leyen in her 2023 State of the Union address.
Green Deal Industrial Plan
The Green Deal Industrial Plan enhances the competitiveness of Europe’s carbon-neutral industry and accelerates the transition to a climate-neutral economy. To this end, it provides a conducive environment for increasing the EU’s production capacity for clean technologies and carbon-neutral products. The plan is designed to protect the competitiveness of the cleantech industry and ensure Europe’s position as a leader in industrial innovation. For more information, see an earlier article: EC unveiled “Green Deal industrial plan.”