Helen Clarkson, CEO of Climate Group, said:
With the US backtracking on clean energy and China powering on, the EU has an incredible opportunity to position itself as a competitive, innovative economy, which is open for investors.
But driving down energy costs across Europe is going to be the difference between unlocking corporate investment or missing the opportunity to bring down the costs of decarbonisation.
The Clean Industrial Deal must come with stark choices. Investing in the grid, infrastructure for EVs, renewable capacity and storage, not prolonging the life of the fossil fuel economy and outdated technologies.
The EU rightly looks at the negative impact that reporting requirements have on companies and aims to get rid of some of the red tape. But that can’t be an excuse for countries or companies to row back on their commitments and undermine positive developments.
ENDS
Notes to editors
The following spokespeople are available for media interviews. Please contact the press office at media@climategroup.org or call +44 7752403008 to arrange.
Helen Clarkson, CEO Climate Group
Andrew Forth, Head of Advocacy and Policy
Jen Carson, Head of Industry
Dominic Phinn, Head of Transport