Reuters writes that officials will also focus on ensuring that European countries will have access to the required materials for the green transition.
Commission President Ursula von der Leyen recently told the European Parliament that investments in the energy transition are set to triple worldwide by the next decade from last year's amount of one trillion USD.
EU's Net-Zero Industry Act and Critical Raw Materials Act are part of the Green Deal Industrial Plan and both initiatives have the role to ensure that the EU is among the leaders in reducing carbon emissions, but also that it will be a leader in the required innovative technology.
Part of the plan for EU officials is that the region should supply itself with 40% of the needed green tech by 2030, by encouraging investments and by making green projects permits easier to obtain.
Mining is a critical component, as well, which is why EU executives will push towards EU countries mining 10% of the required raw materials they need for production of green technologies.
Ursula von der Leyen stated that "these minerals power phones and electric vehicles, chips and batteries, solar panels and wind turbines. They cannot function without critical raw materials."