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A Clean Industrial Deal to boost competitiveness and decarbonisation
The Clean Industrial Deal (CID) is an important contribution to the EU’s strategy to accelerate decarbonisation and ensure industrial competitiveness. The plan will seek to de-risk private investment, secure energy affordability and ensure regulatory simplification. The recognition of technological neutrality will strengthen investment conditions and allow for a wider range of clean technologies to contribute to Europe’s climate goals.
However, the American Chamber of Commerce to the EU (AmCham EU) is concerned about the inclusion of a European preference principle in the Public Procurement Framework across a wide range of sectors. The scale and speed of investment required for clean tech deployment in Europe can only be achieved with the contribution of American companies, including the provision of best-in-class technologies and significant expertise. US investment in the EU totals $2.7 trillion – three times the amount of US investment in the entire Asia-Pacific region. Restricting access for trusted partners would slow down industrial decarbonisation, increase costs and reduce the efficiency of the clean transition.
A successful Clean Industrial Deal should focus on fostering an open, competitive and investment-friendly environment to drive Europe’s economy and decarbonisation.