Energy Evolution Europe's Clean Industrial Deal: Will it work?
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Mar 25, 2025 The EU's Clean Industrial Deal aims to back cleantech manufacturing with a whopping €100 billion. Experts discuss how this could fend off deindustrialization amid fierce global competition, especially from China. With a focus on solar, batteries, and electric vehicles, the conversation highlights the need for local production to diminish reliance on imports. Additionally, geographical investment trends reveal key hot spots in Germany and Hungary sparking growth, while a comparison of EU and US investment strategies sheds light on the race for clean technology dominance.
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EU Clean Industrial Challenges
- The EU faces rising economic challenges and competition, especially in cleantech manufacturing where energy intensive industries struggle with higher costs.
- The Clean Industrial Deal aims to support European competitiveness to prevent deindustrialization and job losses amid global tensions.
Decarbonization and Deindustrialization
- Decarbonization must avoid causing deindustrialization by relocating industries abroad to ensure political and social sustainability.
- The EU's strategy includes carbon border adjustments and fostering green value chains to sustain domestic industrial growth.
Europe's Clean Tech Trade Landscape
- Europe imports most solar panels and batteries mainly from China but is a net exporter of electric vehicles, mainly to the US and UK.
- Chinese EV imports in Europe are still limited, leaving substantial growth opportunities for European companies.