From batteries for electric cars to hydrogen: Climate-neutral technologies are to be further advanced in Europe. For this, the European Commission is providing more than 4 billion euros, part of which is intended for decarbonization technologies.
It will allow the formalization of the request for the fifth disbursement of ‘Next Generation EU’ funds for more than 7.5 billion euros in transfers, along with the first two loan disbursements, which will result in a total amount close to 25 billion euros.
The new European Commission has entered its first week in office for a five-year mandate until 2029. From geopolitical tensions to internal challenges such as economic weakness, declining competitiveness and tackling illegal immigration, the EU executive’s new leadership team will have to navigate a tough road ahead.
EU countries and the EU Parliament have reached a compromise on the deforestation directive. The implementation is postponed by one year – but without any other changes to the legislation.
The new European Commissioner for the Internal Market, Stéphane Séjourné, stated that the EU would defend its industry, particularly its steel industry, against unfair competition from foreign countries.