The European Commission wants to implement tools to facilitate cross-border collaboration initiatives in technological fields such as hydrogen, sustainable transport, 5G corridors and blockchain.
This information was reported by Bloomberg and comes from a document detailing the EU industrial strategy.
As part of the EU recovery plan, countries are encouraged to join forces in the creation of common projects.
As a reminder, the European recovery plan was designed to revive the European economy in the face of the crisis caused by the Covid-19 pandemic.
The EU will inject 750 billion euros into the economies of the Member States.
The countries will have to define projects adapted to their own national challenges, but which meet specifications containing certain criteria.
The two most important aspects of the recovery plan are ecological transition and digital development.
The goal is ultimately to become competitive in these areas by boosting innovation, both political and technical.
The EU hopes in this way to reduce its dependence on the import of equipment.
A bet for the future
With the recovery plan, the EU intends to kill two birds with one stone and stimulate private investment.
To do this, competition rules will be strengthened in the countries so that public funding does not replace the private sector.
In addition, the EU wants to push countries to establish effective cross-border projects.
Spain and Portugal, for example, will collaborate in the deployment of the 5G network.
Large cross-border projects in the fields of technology and renewable energy will also be easier to set up.
According to Bloomberg, an electric battery production project bringing together more than a dozen countries will be collectively funded to effectively collaborate with companies in the sector like Tesla or BMW.
The strategy for a sustainable Europe also provides for a strategic renewal plan for sustainable finance.
Could it be that we see blockchain projects appearing there?
The EU also wants to strengthen its carbon tax on certain imports, review its carbon contract trading system and stimulate the use of renewable energies by companies.
The funds have not yet been released, however, as this requires the development of national plans for all member states, a democratic process which can stall in some countries.
In the meantime, the EU is perfecting its plan of attack.
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