EU Green Deal Industrial Plan: can it boost sustainable competitiveness?
Tackling climate change and strengthening competitiveness are at the top of the political agenda in Europe, the US and elsewhere – for good reason. Last week, the European Commission set out its proposal to address both sustainability and competitiveness through the new EU Green Deal Industrial Plan. The proposal seeks to accelerate efforts to address climate change and promote green technology. Although key details have yet to be released, the plan is a step in the right direction. However, it remains to be seen if the EU plan’s implementation follows through on its aims and attracts the investment Europe needs to bring the Green Deal’s ambitions to fruition.
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CBAM extension: get implementation right before expanding scope
The Carbon Border Adjustment Mechanism (CBAM) will test whether the EU can address carbon leakage while keeping investment in Europe. As implementation of the CBAM advances, companies face costs and reporting duties under rules that are still taking shape. Preventing carbon leakage matters. However, the CBAM should work in practice before scope extension is considered. Moving too soon could place burdens on companies and disrupt value chains, with consequences for investment and trade. The focus should be on avoiding measures that introduce further uncertainty and extending proposed safeguards in the Temporary Decarbonisation Fund beyond 2027. Learn how to shape the CBAM so it prevents carbon leakage while maintaining competitiveness.
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Bringing energy and climate priorities to Strasbourg
Europe’s clean industrial transition will depend on policies that can unlock investment, strengthen energy systems and support sustainable transport. From Tuesday, 16 to Wednesday, 17 June, AmCham EU travelled to the European Parliament in Strasbourg, France for a series of meetings on EU transport, energy and climate policy developments. The delegation engaged with Members of the European Parliament and political group advisers to share business perspectives on Europe’s clean industrial transition. Discussions focused on the Industrial Accelerator Act, the revision of the EU Emissions Trading System, the Carbon Border Adjustment Mechanism, the Grids Package and energy security. Members highlighted the need for predictable, technology-neutral rules that support investment, strengthen Europe’s industrial base and preserve openness to trusted partners.
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The Circular Economy Act: a silver bullet for harmonisation?
On Wednesday, 27 May, AmCham EU hosted Paulina Dejmek Hack, Head of Cabinet for Jessika Roswall, Commissioner for Environment, European Commission, for a discussion on the upcoming Circular Economy Act. Moderated by Luca Ibelli (Procter & Gamble), Vice-Chair, Environment Committee, AmCham EU, the exchange explored how the Act can support Europe’s wider simplification agenda by reducing fragmentation and strengthening competitiveness. Participants also discussed the importance of a harmonised framework grounded in a clear business case, ensuring circular economy policies help companies operate effectively across the Single Market.
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