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Summary: Europe leads in reducing CO2 emissions but lacks a comprehensive industrial strategy, missing out on economic benefits. Marc Lemaître, head of the European Commission's research directorate general, stresses the importance of linking decarbonisation efforts to a new circular economy agenda. 

Key Points:

  • ​​​​​Homegrown production of crucial green technologies like solar panels and electric car batteries is insufficient, with most manufacturing in China.
  • Europe faces societal pushback due to a lack of a compelling narrative, hindering progress on the European green agenda.
  • Despite progress, recent opposition within the EU Parliament threatens elements of the Green Deal, highlighting the necessity of continued support.

Challenges Ahead:

  • Approaching European elections may impact the adoption of crucial emission reduction targets and policy implementations.
  • The absence of initiatives in agriculture poses a challenge to meeting emission reduction objectives.
  • Europe aims to enter the industrial phase of the Green Deal but requires more focus on R&I, supply chain challenges, and technology deployment.

Way Forward:

  • Proposals like the Critical Raw Materials Act and the Net Zero Industry Act target strategic technologies and industrial competitiveness.
  • Emphasising early and late-stage R&I is crucial for innovative technology development and overcoming supply chain challenges.
  • Initiatives like the Strategic Technologies for Europe Platform (STEP) and EU investments in renewable energy aim to support the Green Deal.
  • International cooperation is necessary to achieve climate goals, as seen in von der Leyen's pledge at COP28.

Source of information: https://sciencebusiness.net/news/green-technology/europe-needs-ensure-decarbonising-fuels-prosperity (Published 07 December 2023).