The European Union launched the Clean Industrial Deal on February 26, 2025, a sweeping industrial policy aimed at mobilizing over €100 billion for clean manufacturing, research, and supply chains, with estimates reaching €150 billion when leveraged private investment is included. The Industrial Decarbonisation Bank, the deal’s centerpiece, targets €100 billion through EU emissions trading scheme revenues, deploying an initial €1 billion in 2025. Six hundred million euros are earmarked specifically for battery research and development. This initiative represents Europe’s counter to the US Inflation Reduction Act and aims to address the continent’s elevated energy costs exacerbated by Russian gas supply disruptions.
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