Defining The EU Green Deal Industrial Plan

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What Is The EU Deal Industrial Plan? The EU Deal industrial plan was published by the European Commission on February 1, 2023, in response to the global energy crisis. It is a plan that is being championed by Von Der Leyen, the European Commission President. Here’s a brief synopsis of what this plan covers.

The information in this green deal industrial plan is designed in a manner that will complement both the ongoing implementations of the REPowerEU and the European Green Deal. Each of these implementations is aimed at accomplishing the following:

  • Fast forwarding green transition
  • Reducing Europe’s dependence on fossil fuel from Russia

To address the negative impact of this ongoing crisis, here 4 of the primary elements that this plan covers.

  1. International trade and supply chains
  2. Skills
  3. A simplified and predictable regulatory environment
  4. Funding support

The initiatives in this plan are considered to be far-reaching and quite aggressive. This is primarily because this plan is designed to reach net zero by the year 2050 and help to keep the EU in its position as a global climate leader.