The EU single market is a key catalyst for scaling clean and sustainable technologies

The single market is Europe’s industrial strategy and the right tool for the prosperity and security of our continent. On the basis of the Letta report, liberals call on EU political forces to agree on an action plan for competitiveness, writes Marie-Agnes Strack-Zimmermann.

More than 22% of clean and sustainable technologies worldwide are developed in the European Union. Low-carbon energy technologies, clean mobility and alternatives to plastics are the leading fields in cleantech inventions developed in Europe. Although 29% of EU cleantech innovators currently prioritise their national market, 61% view the EU single market as their key future market. Despite growing market appetite for cleantech, there is a significant funding gap between EU and US cleantech innovators. The latest