16 October 2025
As EU leaders meet next week to discuss Europe’s industrial sovereignty and long-term competitiveness, over 130 businesses and investors from across Europe and the value chain, including EUREC, are calling EU policymakers to secure its future competitiveness and technological leadership through a clear and effective roadmap for the Clean Industrial Deal.
In an open letter coordinated by CLG Europe, businesses, investors and business and investor networks and SMEs from across 18 European countries and beyond are urging EU heads of state and the European Commission to deliver an effective Clean Industrial Deal, and calling to align its climate ambition with industrial renewal, innovation, and strategic investment, as well as answer the calls for competitiveness in the Draghi Report.
Europe’s clean industrial transformation is key to its global competitiveness and resilience. As clean technologies advance and costs fall, Europe must accelerate investment and action to lead in climate innovation and energy efficiency. Success depends on clear political direction, stable regulation, and strategic support for industrial reinvestment. The Clean Industrial Deal offers a chance to secure Europe’s frontrunner position, if backed by targeted reforms, lead markets, and strong supply chain partnerships.
The letter signals the diversity of European business and investors support for preserving a clear, predictable and credible long-term regulatory direction, while only simplifying where necessary, with companies from sectors including, manufacturing, heavy industry, finance, energy, “seeing the green and digital transitions as a vital opportunity to boost Europe’s competitiveness.” As the letter states “Europe’s predictable climate and energy framework is one of its greatest competitive assets. The CID should therefore prioritise targeted reforms that make transformation easier and clean investment more attractive – with a practical, forward-looking set of immediate priorities.”
The letter outlines a business roadmap for resilience and competitiveness, urging action in eight priority areas:
- A 90% climate target by 2040 to signal long-term ambition
- Affordable clean energy and electrification to cut costs and boost independence
- Lead markets and public procurement for low-carbon products
- Accelerated cleantech deployment and strategic investment
- Mobilising investments to crowd in private capital and bridge the investment gap
- Circular economy as a strategic asset
- Speeding up the twin digital and green transition enhance productivity
- Cohesion and fairness to ensure the transition benefits all Europeans
The letter will be presented to Members of the European Parliament during a breakfast briefing focused on the drivers of business investment in decarbonisation, its benefits for competitiveness, and the role of policy in enabling these investments.