This Thursday, the European Commission will introduce legislation for emission-free industry in the European Union (EU) in response to green subsidies from the United States and propose rules to speed up the extraction and processing of critical raw materials.
At a time when the EU is trying to end Russia’s dependence on energy and achieve its environmental goals, such as carbon neutrality by 2050 and the reduction of pollutant emissions by at least 55% by 2030, as envisaged in the European Green Deal, Brussels presents the This Thursday, a new community law was passed, aimed at developing “clean” technologies in Europe, the market of which by 2030 is estimated at about 600 billion euros.
The proposal comes after the transatlantic relationship has been marked in recent months by European dissatisfaction with a US plan to subsidize local production of “clean” technologies by $370 billion (about 350 billion euros), which is considered discriminatory and threatens to force European companies out of the continent.
Meanwhile, the EU has decided to work on its own European cleantech stimulus plan, which it is presenting to the press this Thursday, complementing a new state aid time frame that went into effect last Friday that allows members of the States to support renewable investments until the end of 2025. energy, energy storage and industry decarbonization.
Also this Thursday, the European Commission is pushing ahead with a new package on critical commodities such as magnesium or lithium to speed up extraction and refining in the EU and overcome vulnerability to supply disruptions or geopolitical tensions, European company sources said. to the Luz agency.
At stake are raw materials such as lithium and cobalt, which are needed for the production of batteries and electric motors, for example, allowing the development of strategic industries such as renewable energy, electric vehicles and digital technology.
The EU is currently dependent on China for materials such as rare earths or magnesium, with almost all of these European imports going to the Asian country, and Brussels wants to avoid that dependency.
In its proposal this Thursday, Brussels intends to create a list of strategic projects that could benefit from faster licenses (which could take up to five years) and possible community funding, as well as betting on the storage of this critical raw material. , European sources Luse.
Author: Portuguese
Source: CM Jornal
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