Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/233516
Authors: 
Neuhoff, Karsten
Chiappinelli, Olga
Kröger, Mats
Lettow, Frederik
Richstein, Jörn
Schütze, Franziska
Stede, Jan
Xi, Sun
Year of Publication: 
2021
Citation: 
[Journal:] DIW Weekly Report [ISSN:] 2568-7697 [Volume:] 11 [Year:] 2021 [Issue:] 10 [Pages:] 73-82
Abstract: 
The European Commission is facing the challenge and opportunity of implementing the Green Deal while simultaneously initiating the recovery of the economy following the coronavirus crisis. Investments in the basic materials industry's transition to climate neutrality play a central role in this, as the sector is responsible for 16 percent of the EU's CO2 emissions and is key to downstream value chains. While funding for investment opportunities is often discussed, what is needed above all for the transition is a clear policy framework that makes investments in climate-friendly technologies economically viable and ensures that companies actually implement the investments in the transition. The necessary infrastructure and institutions must then be provided in the meantime. For these measures to be implemented in a timely and coordinated manner, it is important to set targets for climate-neutral production at national and European levels and to anchor them in the National Energy and Climate Plans and in the EU governance structure.
Subjects: 
Green COVID-19 Recovery
Industrial Decarbonisation
Policy Package
EU Green Deal
JEL: 
Q54
Q58
L61
L52
H12
Persistent Identifier of the first edition: 
Document Type: 
Article

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