Publications Europe

Net Zero Industry Act: Europe in the race for cleantech

The European Union still has a lot of work to do. Yesterday the European Commission published its Net Zero Industry Act, a piece of its response to the American Inflation Reduction Act, a necessary but still insufficient building block to keep the European Union in global cleantech race. It will also have to complete a number of directives and regulations to deliver its Green Deal. The EU election in 2024 is fast approaching, time is of the essence. 


This week, I4CE offers you an overview of its research work on EU policies. In our newsletter, you will discover our latest analyses and a new OpEd by Thomas Pellerin Carlin on European cleantech investments.



Europe needs an investment plan to win the global cleantech race

As anyone who has marvelled at professional cyclists vying for position knows, the decisions competitors take challenges the strategy of those following close behind. Since August 2022 and the US Inflation Reduction Act, it’s safe to say the global cleantech race has moved up a gear. In the marathon that is the global cleantech race, the EU benefits from the most developed set of climate regulations and carbon pricing in the world. However, it lacks the investment plan that China and the US now have on offer, according to Thomas Pellerin Carlin from I4CE in this oped for Euractiv.


Read the OpEd



Building an EU Cleantech Investment Plan to match the US Inflation Reduction Act


This I4CE brief published few weeks ago argues that the best EU policy answer to the Inflation Reduction Action is an EU longterm climate investment plan. As the political appetite for such a plan is currently limited, the European Commission should use the political momentum to propose a targeted investment plan that focuses on the development, scale-up, manufacturing and deployment of clean technologies in the EU. It identifies three first bricks that can already be laid out to build this plan.


Read the climate brief




Carbon certification: the commission publishes a stringent certification framework that should also be appealing

The future European carbon certification framework is the subject of heated debate. Beyond the criticisms of the expert group responsible for assisting the Commission, the purpose of this future certification raises questions: will it only be used for voluntary compensation? The Commission remains vague at this stage and, worried, the NGOs instinctively put the brakes on. They insist on the risks of the long-term non-permanence of carbon stored by soils and forests, as do the CCS industrialists. An unlikely alliance that could lead to the exclusion of natural carbon sinks from future certification. We invite you to read this blog post on the Commission’s carbon certification proposal by Claudine Foucherot from I4CE.


Read the blog post



Climate transition plans for banks: EU legislators on a razor’s edge


The requirement for climate transition plans for banks is making its way into the regulatory debate. It could be a game changer in terms of climate risk management and the alignment of financial flows towards the climate transition of the economy. But if the principle of transition plans is taken up by the Commission, the Council and the Parliament, the exact wording differs in terms of ambition and clarity. In this OpEd, Anuschka Hilke from I4CE identifies three parameters that need to be clarified in the trialogue negotiations for these plans to make a real difference.


Read the OpEd



Read the newsletter

To learn more
  • 02/16/2023 Op-ed
    OP-ED – Climate transition plans for banks: European legislators on a razor’s edge

    The legislators in Europe are discussing the introduction of mandatory climate transition plans for banks. After the European Commission and the Council, the European parliament has adopted its position. Now trilogue negotiations between the three will begin. While all three seem to agree on the idea itself, differences remain in how these plans are defined. Anuschka Hilke, Director of the Finance program from the Institute for Climate Economics (I4CE), explains in this blog which parameters will be decisive for framing the ambition of this legislative proposal.

  • 02/10/2023 Foreword of the week
    How the EU can match the US Inflation Reduction-Act

    Last August, the US Congress adopted the Inflation Reduction Act (IRA). It became the epicentre of EU fears of seeing cleantech projects, like battery or solar panel gigafactories, settling in the US rather than in the EU. There is some rationality behind that fear. The IRA indeed provides sizable public funding, with 10 years predictability and the simplicity of having a single federal level scheme. Moreover, the IRA does not only subsidize cleantech manufacturing. For instance, in the case of electric vehicles, the IRA supports the mining of critical minerals, the manufacturing of the battery, the purchase of the electric car and the production of renewable electricity. In other words, with IRA the US now has a genuine long-term climate investment plan.

  • 01/18/2023
    The limitations of voluntary climate commitments from private financial actors

    Private finance will not fund the transition without a stronger commitment from public authorities.
    For several years, and particularly since COP 26, considerable time and attention has been dedicated to the subject of voluntary commitments from private financial actors. These commitments, made within the framework of international initiatives, should in principle enable private finance to be mobilized for the transition to a carbon neutral economy.

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Press contact Amélie FRITZ Head of Communication and press relations Email
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