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

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