The EU presents a clean energy agreement with an investment of 100 billion euros

The European Union (EU) has announced an ambitious plan called the Clean Industrial Agreement, which will allocate 100 billion euros to improve clean manufacturing and energy competitiveness in Europe, particularly in strategic sectors such as electric vehicle manufacturing, in response to the growing competition from China.

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This initiative aims to mitigate the current energy difficulties facing the continent and strengthen its industrial capacity in light of the recent export of clean technologies by the Asian giant.

Historically, Europe has depended on Russian gas, which has led to high energy prices and political tensions, especially after the invasion of Ukraine.

Europe positions itself as the international beacon, while the U.S. looks the other way

The new agreement is presented as a crucial measure to reduce this dependency and diversify its energy sources, promoting electrification and energy efficiency. It is estimated that the Clean Industrial Agreement will generate 500,000 new jobs in Europe, also facilitating access to raw materials and promoting education for green jobs.

The EU faces a complicated landscape, as it must respond not only to internal challenges but also to external competition. Recently, China has become the largest exporter of cars in the world, prompting Europe to impose tariffs on Chinese electric vehicles in an attempt to protect its industry. However, the implementation of trade barriers without complementary investments may not be sufficient.

In contrast, the United States, under the current administration, seems to be divesting from the clean manufacturing sector, which could give Europe an opportunity to advance.

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The EU energy commissioner, Dan Jorgensen, highlighted that the U.S. withdrawal from the green agenda represents an opportunity for Europe to strengthen its leadership in sustainable manufacturing and investment in clean energy. However, the future of the automotive industry is aligned with electrification, so the EU must act quickly to avoid falling behind.