European supplier association, CLEPA says it welcomes the launch of the Just Transition Fund and the Sustainable Europe Investment Plan to aid competitiveness and balance disruption.
“We welcome the launch of the Just Transition Fund and the Sustainable Europe Investment Plan,” said CLEPA secretary general, Sigrid de Vries.
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“Both have to be seen in conjunction with the ambitions of the European Green Deal towards climate neutrality and mutually reinforce each other.
“The automotive suppliers’ industry in Europe is a driving force behind the transformation to sustainable, safe, and smart mobility. We support the Paris agreement and are ready to contribute to a reliable, technology-open, and ambitious regulatory framework to achieve its objectives.”
CLEPA added it is urging European legislators to build on what it maintains are the Continent’s strengths; the single market, technology competence, its industrial base and global competitiveness and to provide the supportive regulatory framework and financial support needed to master tasks unfolding and maintain manufacturing and employment in Europe.
“Climate policies must be deeply intertwined with a coherent industrial strategy to strengthen our competitiveness and power to innovate, in order to ensure the three pillars of the sustainability triangle, that is, environmental, economic and social policies, are balanced,” noted a CLEPA statement.
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By GlobalData“Such balance is precarious and climate protection needs to condition the strategies towards a sustainable economy as much as the social and economic dimensions should.”
“The fact that a Just Transition Fund will be needed, is ominous. Hence, only in cases where disruption of industries cannot be avoided, it should serve to balance the impact.”
