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Slovakia 'fit for 55' : A European Green Deal balancing act: The present and future competitiveness of industrial decarbonisation
Arguably Slovakia's biggest energy transition challenge and opportunity lies in its consolidated industrial sector. While much of this story will play out after 2030 en route to 2050 net-zero, with major implications for investment and labour allocation, the strategy and benchmarks put in place now will set the stage. Like its CEE neighbors, Slovakia already faces stiff competition in the race for clean technology innovation and applied solutions for the deep decarbonisation of industrial processes that will rely on dedicated state support for years to come. Behind it all, the European Green Deal (EGD) will set the new terms of engagement to ensure the bloc achieves its new 55% emissions reduction target by 2030. Of particular consequence for EGD mainstreaming into EU industrial, trade and competition policies, and germane to this sectoral discussion, are emissions trading scheme (ETS) reform and the carbon border adjustment mechanism (CBAM). While negotiations are ongoing in the lead up to the European Commission’s revised proposal due in June, EU member states will need to be prepared to adopt new measures as part of a holistic, long term approach to a fit for the future industrial strategy.
- What kind of support will the RRP provide for industry and how is it linked to green investment and decarbonization?
- What is the Slovak position on reform of the EU-ETS and transitioning to CBAM? What are the red lines? How should the carbon pricing regime be revised?
- How can EGD help Slovakia develop technology and innovation and deal with labour reallocation? What are the benchmarks and milestones?

May 5, 2021 02:00 PM in Prague Bratislava

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