It comes in the wake of the Draghi report, with its three key imperatives to boost European competitiveness and with the aim to put these into action. Broadly the focus is on simplifying regulatory and administrative burdens, lowering barriers to the single market, financing competitiveness and promoting skills. Have you read?
At the centre of the imperatives is a joint roadmap for decarbonisation and competitiveness, with the high and volatile energy prices a top issue. Reducing dependency on Russia gas is one factor but as it takes time, the EU must accelerate the clean energy transition and promote electrification, while in the short term issues that can be tackled include inefficiencies in the design of network tariffs and taxation or a lack of energy market integration.
This will be followed with an electrification action plan and European grids package due in Q1 With energy intensive sectors presenting a particular challenge, a clean industrial deal is due by the end of Q1, along with sector specific action plans for steel and metals also in Q1 , for sustainable transport in Q3 and for the chemicals industry in Q4 Industrial carbon emissions also will be reviewed in and a circular economy act is envisaged in Q4 Underpinning these is a European innovation act due in Q4 or Q1 and a research area act in , with sector specific legislation due in areas including cloud and AI development, quantum, life science, advanced materials and space, while AI gigafactories also are being implemented to drive the industrial adoption of AI.
The ability to diversify will hinge on effective partnerships and where unfair competition threatens the single market, the protective tools at disposal should be used. Actions proposed include implementing trade agreements with economies around the world, a trans-Mediterranean energy and clean tech cooperation and a joint purchasing platform for critical raw minerals. A water resilience strategy is scheduled for Q2 and a European climate adaptation plan for Layla Sawyer, Secretary General of CurrENT, in a statement highlighted the number one challenge for technology companies as going from pilots to wide-spread deployment.
To deliver this, electrification and increasing shares of renewables must be complemented by the highest efficiency dispatchable cogeneration. Image: RF. Related Posts.
