The newly-announced Green Deal Industrial Plan (GDIP) aims to makeEuropethe home of clean tech.
To support this, a new Net-Zero Industry Act will set clear goals for European clean tech by 2030.
In essence, it will target investments on strategic projects along the entire supply chain.
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The plans second focal point is to drive up investment and financing of clean tech production.
And to ensure funding support across the entire Union, the Commission will prepare a European Sovereignty Fund.
The GDIP will also aim for the growth of the skills and skilled workers needed to facilitate the transition.
It will finally seek to promote global and open fair trade.
Our aim should be to avoid disruptions in transatlantic trade and investment.
Von der Leyen expressed the EUs willingness to find common solutions with both nations and foster beneficial partnerships.
But balancing these relationships wont come easy.
The Netherlands is home toASML Holding NV, a major European manufacturer of semiconductors.
When your company is owned by US interests, that balance is put under severe pressure, he added.
Story byIoanna Lykiardopoulou
Ioanna is a writer at TNW.
With a background in the humanities, she has a soft spot for social impact-enabling technologies.
