When it comes to the Industrial Decarbonisation Accelerator Act, the EU plans to increase demand for EU-made clean products by introducing sustainability, resilience, and made-in-Europe criteria in public and private procurements. It will propose concrete measures to address permitting bottlenecks related to industrial access to energy and industrial decarbonisation.
In the context of financing, the European Commission will also adopt a new Clean Industrial Deal State Aid Framework to accelerate the approval of state aid to roll out renewable energy, decarbonise industry and ensure sufficient manufacturing capacity of clean tech. It will also strengthen the Innovation Fund and propose an Industrial Decarbonisation Bank, aiming for EUR 100 billion in funding, based on available funds in the Innovation Fund, additional revenues resulting from parts of the ETS as well as the revision of InvestEU.