Green transformation in the industry has become an increasingly high priority due to global environmental issues, sustainability, and energy efficiency. Today, reducing the environmental impacts of industrial sectors and managing resources in a more sustainable way has become a critical necessity both environmentally and economically.
Green transformation in the industry helps prevent air, water, and soil pollution, preserves natural resources, and sustains biodiversity. It promotes increased energy efficiency, reducing costs and greenhouse gas emissions. Supporting the sustainable use of natural resources is essential for providing clean water, clean air, and food resources to future generations. Green transformation can provide companies with a competitive advantage, appealing to environmentally conscious consumers and investors.
Green transformation offers an approach that combines environmental and economic benefits. This transformation is part of the commitment to creating a more sustainable world for future generations. Both companies and societies need to collaborate to support and implement this transformation.
In addition to supporting and promoting green transformation in the industry and in all sectors, the Green Deal Industrial Plan was introduced in 2023 as an addition to the 2019 EU Green Deal. The goal is to scale up manufacturing of clean technologies in the EU and make sure the Union is well-equipped for the clean-energy transition.
The new Green Deal Industrial plan is a key milestone in preparing European industry for a successful net-zero transition. The plan highlights the importance of collaboration in scaling up the existing supply chain and further promotes the integrated and flexible energy system to enable faster and more efficient transition. In addition, it underlines the importance of decarbonization to competitive business.
The plan sets ambitious targets, but delivering them has major challenges. Mobilizing the private sector and acting as an incubator for impactful public-private partnerships can help take this significant step.
In 2023, as an addition to the EU Green Deal, the EU Green Deal Industrial Plan aims to support European industry in enabling a net-zero transition and accelerate decarbonization by scaling up clean-tech manufacturing.
With the landscape of net-zero policy set to change in the EU drastically, a holistic approach to electrification and decarbonization is essential in bringing these policies to life.