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Asharq Al-Awsat
Asharq Al-Awsat
Technology
Asharq Al-Awsat

EU Outlines Plan for Clean Tech Future Boosted by Subsidies

Ursula von der Leyen EU Commission European Union China United States World Economic Forum
EU Commission President Ursula von der Leyen addresses the World Economic Forum (WEF), in Davos, Switzerland, January 17, 2023. (Reuters)

The European Union pushed forward on Tuesday with a massive clean tech industrial plan which not only should keep the continent in the vanguard of plotting a greener future but also guarantee its economic survival as it faces challenges from China and the United States.

EU Commission President Ursula von der Leyen presented the outlines for her “Green Deal Industrial Plan” that will make it much easier to push through subsidies for green industries and pool EU wide projects that are boosted with major funding as the EU pursues the goal to be climate neutral by 2050.

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