The EU 'new trio' industrial subsidy policy in the name of green transition

THE EU HAS ISSUED A NUMBER OF INDUSTRIAL POLICIES INVOLVING THE "NEW TRIO” AND IMPLEMENTED ALL-ROUND SUBSIDIES In recent years, the EU has been increasing financial support to the green industries including the "new trio”, in particular focusing on the transition of green energy and the R&D of net-zero technology, and with enhancing the global industrial competitiveness as one of its important objectives. Highlight the Development of the "New Trio” and Other New Energy Industries as A Key Priority of the EU's Energy Policy In 2014, the European Commission issued A Policy Framework for Climate and Energy in the Period from 2020 to 2030, requiring the Member States to increase investments in R&D, innovation and large-scale deployment in the renewable energy industry. Subsidize Photovoltaic Products and Lithium-ion Batteries as Strategic Net-Zero Technologies In 2023, in order to further implement the European Green Deal, the European Commission issued A Green Deal Industrial Plan for the Net-Zero Age, enabling the EU and its main member states to achieve and maintain the global leadership in the new energy industries such as "new trio”. In recent years, the European Green Deal, European Industrial Strategy, and Green Deal Industrial Plan have made promoting industrial green transition one of the seven strategy implementations of the EU, focusing on the development of new energy, promoting the EU's industrial policies involving "new trio” to become key measures to enhance its global competitiveness and maintain the global leadership, and implementing subsidies in all aspects through various funds and other incentives. Directed by documents such as the European Green Deal, the EU has established a systematic industrial policy and coordination strategy concerning the "new trio” industry, and improved the industrial competitiveness through various subsidies.