The economic growth that the low-carbon transition could bring is an integral part of the European Green Deal. It is critical that this transition successfully transforms Europe’s manufacturing base and carbon-intensive industries towards climate neutrality and increased circularity. The first important steps need to be taken now and continued throughout the rest of the decade to 2030.
If the European Green Deal is going to be a successful growth strategy, it will need to set in motion a profound industrial transformation in line with the EU’s 2050 climate neutrality objective - transforming industries requires industrial policies.
This report, prepared in the context of the CEPS Industrial Policy Task Force, presents 12 recommendations that would accelerate this industrial transformation in the EU and its member states.