CO2 emissions from the industrial sector have fallen by 35 % since 1990, partly due to the relocation of the production. In contrast, compared to business as usual, the estimated economic potential of reducing final energy consumption by 2030 is 23.5 % for European industry.
Members of the Parliament stressed that "the Green Deal needs to be accompanied by an ambitious industrial policy" in order to make the European Union "a competitive front runner in a net-zero greenhouse gas (GHG) emissions and sustainable economy, and to create synergies between businesses, small and medium-sized enterprises (SMEs)". Moreover, it has been stressed that this need has increased significantly as a result of the ongoing climate and energy crisis and the Russian war of aggression against Ukraine.
