Monday, October 25, 2021
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EU proposes new partnerships investing 10 billion euros for the green transition

The European Commission has proposed to set up 10 new European Partnerships between the European Union, Member States and/or the industry. The goal is to speed up the transition towards a green, climate-neutral and digital Europe and to make the European industry more resilient and competitive.

The EU will provide nearly 10 billion euros of funding that the partners will match with at least an equivalent amount of investment. This combined contribution is expected to mobilise additional investments in support of the transitions and create long-term positive impacts on employment, the environment and society.

“We are at our best in Europe when we work together,” said Margrethe Vestager, Executive Vice-President for a Europe fit for the Digital Age. “This is particularly important when it comes to mastering the challenges of the digital transformation. It affects us all and does not stop at national borders. Just like climate change. The partnerships proposed today will mobilise resources, so that we can jointly make the most of digital technologies, not least in the interest of our green transition.”

Overall, the proposed Institutionalised European Partnerships aim to improve EU preparedness and response to infectious diseases, develop efficient low-carbon aircraft for clean aviation, support the use of renewable biological raw materials in energy production, ensure European leadership in digital technologies and infrastructures and make rail transport more competitive.

Among those, the circular bio-based Europe partnership will contribute significantly to the 2030 climate targets, paving the way for climate neutrality by 2050 and will increase the sustainability and circularity of production and consumption systems, in line with the European Green Deal. It aims to develop and expand the sustainable sourcing and conversion of biomass into bio-based products as well as to support the deployment of bio-based innovation at a regional level with the active involvement of local actors and with a view to reviving rural, coastal and peripheral regions.

The clean hydrogen partnership will accelerate the development and deployment of a European value chain for clean hydrogen technologies, contributing to sustainable, decarbonised and fully integrated energy systems. Together with the Hydrogen Alliance, it will contribute to the achievement of the Union’s objectives put forward in the EU hydrogen strategy for a climate-neutral Europe. It will focus on producing, distributing and storing clean hydrogen and, on supplying sectors that are hard to decarbonise, such as heavy industries and heavy-duty transport applications.

Finally, two partnerships will target the transport sector in particular.

“EU partnerships will have a central role to drive the twin green and digital transition for the mobility and transport sector,” commented Adina Vălean, Commissioner for Transport. “To make our ambitions come true, we need to develop disruptive technologies bringing zero-emission vessels and aircraft to the market, we need to develop and deploy cooperative, connected and automated mobility and we need to enable a more efficient and modern traffic management.”

The clean aviation partnership will put aviation en route to climate neutrality, by accelerating the development and deployment of disruptive research and innovation solutions. On the other hand, the partnership called Europe’s Rail will speed up the development and deployment of innovative technologies, especially digital and automation ones, to achieve the radical transformation of the rail system and deliver on the European Green Deal objectives.

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