Will $100B be Enough to Save Europe’s Heavy Industry?  ...Middle East

Last month, the European Commission launched its Clean Industrial Deal (CID), an initiative designed to boost the competitiveness and decarbonization of European industries. CID is a roadmap for transforming Europe's economy into a circular, resilient, and decarbonized powerhouse. Under CID, the EU plans to mobilize more than €100bn to support EU-made clean manufacturing, including a further €1bn in guarantees under the current Multiannual Financial Framework. The EU has set a goal to achieve climate neutrality by 2050. The European Investment…

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