The plan envisages massive investments in low-carbon technologies, to which the state should also contribute financially. Both from European and national sources. The Union wants to be a carbon-neutral economy by 2050.
The European Union wants to significantly reduce greenhouse gas emissions by helping to rapidly expand investment in low-carbon technologies. Projects to promote the use of hydrogen, solve the problem of energy storage or invest in strategic sectors such as semiconductor production are at stake. Referring to the European Commission’s draft industrial strategy, Reuters reported.
The Union could financially support investments in so-called projects of common European interest benefiting all Member States. These include, for example, the development of data infrastructure in the form of 5G networks, sustainable transport, blockchain, or a European innovation hub.
In addition to direct investment support, the Union also wants, for example, to guarantee the carbon price of projects aimed at greening the economy, regardless of the current value of emission allowances on the Union market. As a result, the European Union hopes to further develop the use of renewable energy sources or to invest in increasing the capacity of electric batteries.
