Press release
Cleantech for Baltics
26.02.2025
The Clean Industrial Deal, a strong pillar for a clean and competitive EU economy
On 26 February, the European Commission presented the Clean Industrial Deal, setting a clear direction for the future economy of Europe. According to the Executive Director of Cleantech for Baltics, Kädi Ristkok, “The Commission’s proposal provides a strong push to steer the European economy on the right path, positioning the clean technology sector as central to a clean and competitive economy.”
Kädi Ristkok stated, “The Commission shares our perspective on the development of a clean and competitive economy.” The Clean Industrial Deal addresses key barriers to clean economy growth by prioritizing clean and affordable energy, clean industry demand, and efficient financing. Prior to the Deal’s publication, Cleantech for Baltics, together with over 100 European partners, submitted an open letter to the Commission, advocating for these same three priorities, which are now reflected in the published document.
The Clean Industrial Deal provides numerous policies and measures to support the clean technology sector. Notably, the adaptation of public procurement rules to prioritize domestic demand for clean technologies empowers governments to lead by example. Expanding beyond the scope of the Net Zero Industry Act, the Deal encompasses transport, the bioeconomy, materials, and chemicals, all of which are critical to an autonomous and efficient economy. Furthermore, the establishment of an Industrial Decarbonisation Bank, the enhanced role of InvestEU in risk mitigation, and new funding initiatives through the Innovation Fund will provide increased security for private investment.
The Deal serves as a strategic policy framework, with concrete legislative acts scheduled for adoption in 2025 and 2026. To facilitate regional discussion on the Deal’s implications, Cleantech for Baltics will organize a pan-Baltic clean industry meeting on 5 March.
Cleantech for Baltics is a unique pan-Baltic think-tank for accelerated cleantech innovation and funding in sustainable technologies.
