💨 Abstract

The European Commission has proposed a 100 billion euro Clean Industrial Deal to support EU-made clean manufacturing. This is part of a wider competitiveness plan to aid energy-intensive industries facing high costs and bureaucracy. The deal includes launching guarantee schemes with the European Investment Bank, creating an EU Critical Raw Material Centre, and simplifying red tape and carbon duties. Approval is required from the European Parliament and a majority of EU member states.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖