Spain calls for stronger support in Europe’s green tech race
![](https://sustainabilityeconomicsnews.com/wp-content/uploads/2024/06/ribera-en-la-cop28.webp)
Spain’s climate and energy minister, Teresa Ribera, a leading candidate for the EU’s next head of green policies, emphasized the need for the upcoming European Commission to enhance support for European industry to catch up in the green tech race.
This support aims to close the gap in green technology with China and the US.
EU country leaders have convened to discuss appointments for each of the 27 member states in the new European Commission.
Ribera, nominated by Spain’s government for a prominent climate-related position within the Commission, opposed suggestions from certain politicians to decelerate the EU’s green transition. She acknowledged the necessity for increased efforts to mitigate its impact on citizens and industries.
In an interview with Reuters, she said, “This is going to be a very critical period for Europe, and either we manage to overcome all the difficulties and become this strong, positive power or we implode.”
Read more: EU passes new law which mandates 40% domestic green tech production
Ribera expressed that future climate policymaking will pose greater challenges. However, she emphasized that postponing Europe’s green transition would have negative repercussions.
It could cause European companies to lose their competitive advantage in low-carbon industries and exposing farmers to more severe droughts and heat waves that could damage crops.
Read more: Spain leads Europe in solar capacity but faces challenges in meeting wind energy goals
Amid intensifying global competition in green technologies, Europe is taking a firmer stance against China. Recently, Brussels imposed tariffs on imported Chinese electric cars and launched investigations into Chinese subsidies for wind and solar suppliers.
Ribera emphasized that the upcoming Commission should engage with local industries to determine the necessary conditions to enable them to compete more effectively with the US and China.
This could involve increasing public investments in next-generation technologies or streamlining bureaucratic regulations.
![](https://sustainabilityeconomicsnews.com/wp-content/uploads/2024/07/30341f8d-32ff-4c5a-ad4e-dcdb01497bd9-150x150.jpg)
EIB Global supports €271 million Egyptian climate and...
-
During the EU-Egypt Investment Conferenc...
- 02/07/2024
![](https://sustainabilityeconomicsnews.com/wp-content/uploads/2024/07/Asset-Management-150x150.png)
Eco-gamers launch online video game to target asset...
-
A team of eco-gamers known as Serious Pe...
- 01/07/2024
![](https://sustainabilityeconomicsnews.com/wp-content/uploads/2024/06/Depositphotos_73537517_S-150x150.jpg)
EU regulators push for revisions in landmark ESG...
-
Regulators overseeing the markets, banki...
- 19/06/2024
Related News
Iberdrola, a Spanish renewables company, announced that it has acquired the “80% it did not control of Balantia”. Iberdrola had initially entered the firm’s capital […]
Japan’s largest steelmaker, Nippon Steel and trading house, Sumitomo Corp, announced that they have renewed a long-term contract with Norway’s Equinor to supply seamless steel pipes […]
Cepsa announced that it has entered a strategic partnership with PreZero Spain to advance objectives related to decarbonization. According to the agreement, PreZero Spain will […]
In a new critique of the voluntary carbon market, over 80 non-governmental organizations have urged corporations to exclude carbon offsets from their transition plans, arguing […]
Luxcara, an independent German asset manager for clean energy infrastructure projects, announced that it has signed a “preferred turbine supplier”. The asset manager has signed […]
Genex Power announced that it has secured a five-year $107 million senior debt facility for its 50MW Kidston and Jemalong solar projects in Australia. The […]