We would like to inform you that on 26 February 2025 the European Commission officially presented the “Clean Industrial Deal“, a strategic initiative aimed at strengthening the competitiveness of European industry while ensuring the transition towards climate neutrality. This initiative is part of the broader framework of the European Green Deal and includes a combination of regulatory, financial and strategic measures aimed at accelerating the green and digital transitions of the industrial sector.
Main objectives:
- Reducing energy costs: Facilitating access to affordable, clean energy for businesses.
- Developing markets for clean technologies: Boosting demand for low-emission products through incentives and new standards.
- Investment support and state support: Simplification of state aid procedures for green technologies.
- Raw Materials Safeguarding & Circular Economy: Promoting recycling and sustainable raw material management.
- International cooperation: Strategic agreements to strengthen European supply chains.
- Skills development: Supporting workers in the transition to green technologies.
Shape and Application:
The “Clean Industrial Deal” is not a binding Regulation, but a comprehensive action plan that will combine new regulations, recommendations and financial incentives. Businesses will be asked to adapt to new standards and take advantage of new financing opportunities, while Member States will have to integrate the projections of the strategy into their national policies.
Next Steps
2025-2026: Adopt measures such as reducing taxes on green energy, developing the circular economy and simplifying permitting procedures for clean technologies
2030: Target for EU leadership in green industry.
2050: Achieving climate neutrality in European industry.
OEB is closely monitoring developments and will keep you informed about opportunities and challenges for Cypriot businesses.
Relevant documents are attached in more detail.
Communication – Clean Industrial Deal_en
Factsheet_Clean_Industrial_Deal
