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illuminem summarizes for you the essential news of the day. Read the full piece on Euronews or enjoy below:
🗞️ Driving the news: A leaked draft of the EU’s Clean Industrial Deal (CID) reaffirms the bloc’s commitment to a 90% emissions reduction by 2040 and positions the EU as a leader in the circular economy
• The plan, set to be unveiled on February 26, includes initiatives on energy affordability, industrial decarbonization, and raw material access
• However, the document mostly compiles previously announced policies rather than introducing bold new measures
🔭 The context: The CID aims to strengthen the EU’s competitiveness in clean technology amid global competition from the U.S. and China
• Key policies include corporate power purchase agreements, a “grids manufacturing package,” and hydrogen market rules
• Concerns remain about funding gaps and a lack of new strategies for energy savings and resource efficiency
🌍 Why it matters for the planet: The EU’s commitment to a 90% emissions cut by 2040 signals continued leadership on climate action
• A stronger circular economy and industrial decarbonization could reduce waste and reliance on fossil fuels
• However, experts warn that without clearer financing plans, these ambitions may fall short
⏭️ What's next: The CID will be officially presented on February 26, alongside an energy action plan and European Investment Bank-backed pilot programs
• The EU will also release a Union of Skills initiative on March 5 to address labor shortages in green industries
• Critics are watching closely for concrete funding mechanisms to support the ambitious goals
💬 One quote: “While the direction seems broadly right, too many crucial gaps remain unanswered.” — Greg Van Elsen, Climate Action Network Europe
📈 One stat: The EU remains committed to a 90% greenhouse gas emissions reduction by 2040, aligning with scientific recommendations
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