April 23, 2024
News

Open letter: The EU needs a Cleantech Competitiveness Deal

Carbon Gap and 23 organisations call for a resilient environment for cleantech in Europe.

Key Takeaways

  • Europe needs a Cleantech Investment Plan which mobilises institutional investors, boosts and broadens the European Investment Bank’s counter-guarantee facility, and leverages revenues from the Emissions Trading System to invest in the scale-up of EU clean technologies such as some CDR solutions.
  • The EU should build on the successful model of the Wind Power Action Plan to develop targeted, tailored policy and financing plans to support the scale-up of strategic cleantech sectors.
  • The EU should chart a vision for the next generation of cleantech breakthroughs and develop strategic plans to attract and develop innovative, growing sectors crucial to our long-term competitive sustainability. This means defending research and growth funding to nurture the next generation of cleantech leaders. An EU Cleantech Competitiveness Deal will need to set strategic plans to attract and develop innovative, growing sectors such as carbon dioxide removal (CDR), and safeguard the sufficient allocation of research and growth funding at the EU level.

As a new political cycle approaches, an EU Cleantech Competitiveness Deal will need to set strategic plans to attract and develop innovative, growing sectors such as carbon dioxide removal (CDR), and safeguard the sufficient allocation of research and growth funding at the EU level.

The other signatories supporting an EU Cleantech Competitiveness Deal are Airborne Wind Europe, Aster, Carbon Free Europe, Cleantech for Europe, Climate Strategy & Partners, Ecocem, Electrochaea, EUREC – The Association of European Renewable Energy Research Centres, GET Fund, I4CE – Institute for Climate Economics, MITO Technology, Negative Emissions Platform, Planet A Ventures, Rockstart, Skeleton Technologies, Solar Impulse Foundation, Tech for Net Zero, Transport & Environment, Trill Impact, Verkor, Vireo Ventures, World Fund and xista science ventures.