The European Parliament backs the new industrial strategy for the EU
The European Parliament has adopted with 503 votes in favour, 40 against and 18 abstentions a resolution on the implementation of the updated New Industrial Strategy for Europe. The text has the main goal to aligning spending to policy and reaching a European industrial sovereignty.
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 si