EU unveils industrial strategy to help meet climate goals

(ReNews, Winchester, 10 March 2020) The European Commission has presented a new Industrial Strategy to help Europe achieve its goal of climate neutrality by 2050, while maintaining European industry's global competitiveness. These include comprehensive measures to modernise and decarbonise energy-intensive industries, support sustainable and smart mobility, promote energy efficiency, strengthen current carbon leakage tools and secure a “sufficient and constant” supply of low-carbon energy at competitive prices. “This includes developing a European export strategy for renewables that looks not only at third country market access but also at how national export credit agencies can support the European industry in the face of State-financed Chinese competition.