Europe

Europe

The Green Deal Industrial Plan

The Green Deal Industrial Plan

EU steps up to de-risk investment, increase supply chain resilience and energy independence The Green Deal Industrial Plan (GDIP) was announced in 2023 to enhance the competitiveness of Europe's net-zero industry and accelerate the transition to climate neutrality. It is designed to create a more supportive environment for scaling up the EU's manufacturing capacity for the net-zero technologies and products required to meet Europe's climate targets. GDIP is broad and covers many different technologies, including batteries.

The Green Deal Industrial Plan is comprised of 4 pillars:

Predictable and simplified regulatory environment Battery relevant initiatives:

Critical Raw Materials Act

Faster access to funding Battery relevant initiatives:

InvestEU €372bn between 2021-27

Innovation Fund €40bn over next decade of which €3bn announced in 2023 dedicated to cell production

Strategic Technology for Europe Platform (clean technologies)

Source: GDIP; GDIP explainer;InvestEU; Dedicated instrument for battery value chain

Enhancing skills Battery relevant initiatives:

European Skills Agenda

Partnership for Skills

Open trade for resilient supply chains Battery relevant initiatives:

Free Trade Agreements

Critical Raw Materials Club

Clean Tech/Net-Zero Industrial Partnerships

Extracted from the PDF; charts and images may read imperfectly.