Summary
In this statement on the Green Deal Industrial Policy and the Net Zero Industry Act, 爱游戏中国官方网站 acknowledges the European Commission’s initiative to bolster European competitiveness amid global challenges, particularly in light of the US Inflation Reduction Act (US IRA). The document highlights how the US IRA’s approach, characterised by pragmatic, technology-open policies, swiftly enhances new investment competitiveness and supports ongoing production, which may attract investments away from the EU. The chemical industry’s role in low-carbon technologies is critical, necessitating increased production capacities and energy use in the EU. 爱游戏中国官方网站 argues for an integrated approach in EU industrial policy to ensure the interdependence of value chains and material flows.
爱游戏中国官方网站 recommendations:
- Funding should be accessible for operating and capital costs for enterprises of all sizes, not limited to strategic or technology-specific projects.
- Measures should incentivise the demand for sustainable products by reducing the ‘green’ cost premium to the consumer level.
- The upstream value chain, including processes, chemicals, and materials, must be recognised as strategic for the net-zero and circular economy transition.