Reaching net-zero GHG emissions by 2050 is the primary goal of the European Union’s climate action. This objective will bring about unprecedented challenges for European citizens, regions and industries, and the industrial transition will require the deployment of all technologies available. The European Union will need to preserve existing jobs across key industrial value chains while creating new ones and ensure that European regions and industries become attractive for clean investments, remaining competitive while decarbonising.

With a legally binding objective of climate neutrality by 2050, it is critical that the European Union undertakes prompt action to start a just transition towards 2050 in a cost-efficient manner.