The EU must "make the transition to zero emissions without creating new dependencies
" and to do so "we have a plan. An industrial plan for the Green Deal".
This was stated by the president of the European Commission, Ursula von der Leyen in her 'special address' at the Davos Forum, explaining that, on a financial level, "state aid would be a limited solution": to avoid the fragmentation of the Single Market "we must increase EU funding" and "for the medium term we will prepare a European sovereign fund in the medium-term review of our budget in 2023".
On the regulatory level, "we will propose a new 'NetZero Industry Act" along the lines of the Chips Act.
China has "openly encouraged European energy-intensive companies to relocate to its territory" and "we see
aggressive attempts by China to attract our industrial capacity
": even if it will be necessary to continue to collaborate, in the name of 'de-risking' rather than a decoupling between the EU and China, the EU "will use all the tools to manage unfair practices" and "we will not hesitate to open investigations if we assess that our supplies or other markets are distorted by subsidies" from China, said von der Leyen.
Birol: the breakthrough on renewables serves for safety
"The main driver in favor of 'own' energy sources, such as wind, solar, nuclear, is no longer the environment but energy security".
And if today the ratio between investments in fossil fuels and those in renewables is 1 against 1.5, "it will have to rise to 1 against 9", a figure which will require an enormous financing effort by the advanced countries in favor of "the emerging markets, where the cost of capital is much higher".
This was stated by Fatih Birol, executive director of the International Energy Agency, during a panel at the World Economic Forum in Davos.
"In 2030, i.e. tomorrow, one out of two cars sold in the US, Europe and China will be electric".
ANSA Agency
Von der Leyen in Davos: "Aid to Ukraine as long as it is needed" - World
"I can assure you that Europe will always be with you", said the president of the European Commission.
Olena Zelenska: 'Only united can we win' (ANSA)
