The European Economic and Social Committee (EESC) is urging the EU to implement a robust industrial strategy that enhances competitiveness, creates quality jobs and aligns with the Green Deal. To succeed, this strategy must be closely monitored and adapted to emerging challenges.

‘Europe faces a serious risk of deindustrialisation. Industry and climate action must go hand in hand,’ stated Andrea Mone, rapporteur for the EESC opinion on The future of EU industry in the face of high energy prices and transition costs, adopted at its February plenary session.

In the opinion, the EESC stressed the need for a strong economic and regulatory framework to tackle high energy and raw material costs, investment challenges in the green transition, infrastructure gaps, skills shortages and weak internal demand. A competitiveness policy focused on investment and innovation is key to fostering social and territorial cohesion.

The EESC’s call for urgent action comes amidst rising concerns for Europe’s economic security and its external dependencies.  In an era of such growing geopolitical and trade uncertainties, a resilient EU trade policy is necessary to safeguard industrial sustainability amidst asymmetric decarbonisation goals, global overcapacity, and rising trade tensions. Greater autonomy in securing critical raw materials is essential to achieving this goal.

Increased investment, as highlighted in the Draghi report, and governance reforms are crucial. A unified single market, particularly in energy, will strengthen the EU economy. Reducing regulatory burdens, refining electricity market frameworks and improving financial tools such as power purchase agreements will support industry transitions.

A just transition demands strong social dialogue and collective bargaining. Industrial policy must align with education and workforce strategies, emphasising research, innovation and skill-building. Investment in energy infrastructure, renewable energy and circular economy initiatives will help achieve climate goals.

The EESC also adopted a supplementary opinion on The future of EU energy-intensive industries (EIIs), proposing tailored solutions to ensure their long-term sustainability. Addressing the specific challenges they face is vital for the EU’s industrial future. (ll)