Co-funded by the
European Union
Building Europe’s green industrial muscle
Meeting global 2050 climate targets is heavily dependent on an industrial revolution to meet demand for climate technologies like batteries, renewables like wind or solar, and electrolysers. Climate tech is fast becoming one of the fundamental drivers for economic growth for Europe, already estimated to be worth €120 billion per year. The market for climate tech will continue to grow as more industries decarbonise.
But the window to capture this opportunity is short. The EU’s ability to scale green industrial capacity, enlarge and secure resilient, sustainable supply chains and access the necessary finance will be key to success.
Deep dive on thematics
Discover our EU policy thematic deep dives to support the scaling of climate technologies across the European Union
Business case Europe
How to consolidate the ‘business case Europe’ and ensure growing demand for climate technologies is supplied with manufacturing capacities developed domestically.
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Financing solutions
Prioritise funds within the current and future EU budget, address gaps the public financial toolbox for early-stage ventures, and mobilise new public-private financing instruments.
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Industrial decarbonisation
Grant industrial frontrunners a ‘fast pass’ for priority access to land and grids tp speed up decarbonisation efforts and incentivise the launch of new first-of-a-kind green industrial plants.
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A summary of key policy proposals
1. Deliver the best business case for sustainable, Made-in-Europe climate tech
- Put resilience, sustainability, traceability, and circularity at the core of the Internal Market and the EU’s industrial strategy
- Incentivise demand for EU-made products through policy and public investment levers
- Ensure fair competition of the Internal Market using the EU’s existing trade defence toolbox
2. Create better financing (public private) solutions for climate tech
- Prioritise allocation of funds to climate tech in the current and future long-term EU budget
- Address gaps in EU’s existing financial toolbox to fund early-stage industrial start-ups
- Mobilise private capital for a new public-private financing instrument to build a €500 billion Climate Tech Sovereignty Fund
3. Prioritise the transformation of energy-intensive industries
- Grant industrial frontrunners a ‘fast pass’ for priority access to land and grids tp speed up decarbonisation efforts
- Incentivise the launch of new first-of-a-kind green industrial plants across Member States by 2030.
EIT InnoEnergy portfolio scaling climate tech manufacturing across the European Union
