The EU is set to unveil its Clean Industrial Deal to support businesses while maintaining its green transition. The plan includes lower energy costs and simplified ESG reporting.
The European Commission is set to present its Clean Industrial Deal, aiming to ease the burden on energy-intensive businesses while maintaining the EU’s commitment to green industrial transformation. According to Puls Biznesu, this initiative is a response to concerns about Europe’s declining competitiveness compared to global rivals, particularly China, which dominates the supply of green technologies such as photovoltaic modules and lithium-ion batteries. The new strategy includes measures to reduce energy costs and boost demand in the public sector.
Simplified ESG Reporting for Smaller Businesses
Alongside the Clean Industrial Deal, the EU will introduce the Omnibus package, which aims to simplify sustainability regulations. As Puls Biznesu reports, “the package includes a proposal to exempt smaller companies from ESG reporting obligations.” This move aligns with the EU’s broader efforts to improve competitiveness by closing the innovation gap, ensuring decarbonization remains economically viable, and reducing import dependencies. The official details of these initiatives are expected to be announced soon.