The plan builds upon relevant recent efforts to transform industry, such as the European Green Deal, the EU Industrial Strategy, the Circular Economy Action Plan and REPowerEU, whose ultimate aggregated goal is to make the EU’s economy sustainable and climate-neutral by 2050.
Paving the way for the EU to lead in the net-zero industrial age, the GDIP constitutes a reaction from the EU to the need of massively increasing “technological development, manufacturing production and installation of net-zero products and energy supply” in the years to come, yet recognising that the worldwide competition for raw materials and skilled personnel might significantly harm this process. Against this backdrop, the GDIP is structured around 4 main pillars, boosting net-zero industry as critical success factor in greening EU’s economy:
- Implementing a predictable and simplified regulatory environment, as a key to avoiding unnecessary burdens, enhancing competitiveness and promoting investment;
- Promoting faster access to sufficient funding, through the creation of a level playing field combining public and private funding to financing for clean tech production in Europe;
- Putting in place relevant initiatives to enhancing skills, fostering a people centred green transition;
- Encouraging open trade and resilient supply chains, enforcing principles such as fair competition, global cooperation, international stability and legal certainty to make trade work for the clean transition.