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EU to speed up green and digital transition with €10B investment

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European Commission plans to set up 10 new European Partnerships with the goal to speed up the transition towards a green, climate neutral and digital Europe.

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

The 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.

This partnership will accelerate the development and deployment of a European value chain for clean hydrogen technologies, contributing to sustainable, decarbonized 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 decarbonize, such as heavy industries and heavy-duty transport applications.

The Circular Bio-based Europe partnership will contribute 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 regional level with the active involvement of local actors and with a view to reviving rural, coastal and peripheral regions.

The Clean Aviation partnership puts aviation en route to climate neutrality, by accelerating the development and deployment of disruptive research and innovation solutions. It aims to develop the next generation of ultra-efficient low-carbon aircraft, with novel power sources, engines, and systems, improving competitiveness and employment in the aviation sector that will be especially important for the recovery.

“EU partnerships will have a central role to drive the twin green and digital transition for the mobility and transport sector. 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.”

Adina Vălean, commissioner for Transport.

The European Partnerships aim to improve and accelerate the development and uptake of new innovative solutions across different sectors, by mobilizing public and private resources.

Anela Dokso

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