On February 26th, the European Commission launched the "Clean Industry Deal", aiming to enhance the competitiveness of the European industry and accelerate decarbonization. This policy focuses on energy-intensive industries and clean technology industries, promoting their electrification transformation and decarbonization transition, and driving the green transformation of industries with the concept of circular economy.To reduce energy costs, the European Union has launched the "Action Plan for Affordable Energy", which involves measures such as the reform of the electricity market. It plans to increase the electrification rate of the economy and expand the installed capacity of renewable energy.In terms of boosting the demand for clean products, relevant standards will be introduced in procurement, carbon intensity labels will be launched and the carbon accounting method will be simplified. Moreover, the rules for low-carbon hydrogen will be clarified, and the application of hydrogen and its derivative fuels will be promoted.In terms of financial support, a new national aid framework will be adopted, the innovation fund will be strengthened, and the establishment of an "Industrial Decarbonization Bank" will be proposed. The European Investment Bank will also launch innovative financial instruments, with an expected fund-raising of hundreds of billions of euros. View Details >