Cleantech Leadership: Who's applying the right ingredients?
The European Union (EU), driven by Spain and Portugal, is positioned to take a leading role in clean technologies. Europe's pledge to achieve net-zero emissions by 2050 was a bold and visionary step. Since then, significant strides have been made toward realizing this ambitious goal.
In her reappointment speech in 2024, Ursula von der Leyen, President of the European Commission, reaffirmed the EU’s commitment to this mission, setting a new 2040 target to reduce emissions by 90% from 1990 levels, as enshrined in the European Climate Act. At the start of 2025, she also introduced the Clean Industrial Deal, posing a critical question: Will we let external events define our future, or will we unite and take charge of our destiny?
The cleantech sector recognises the extent of this challenge. To lead, we require four key areas: innovation, capital, political support, and strong public-private collaboration. Europe has the resources needed to achieve energy independence and become a global leader in clean technology. However, speed is essential. Rather than succumb to pessimism, we must transform the narrative. Climate change is more than just a challenge; it's an opportunity to strengthen competitiveness, attract talent and investment, and enhance awareness. It's not enough to build these resources—we must ensure they are combined effectively.
Encouragingly, signs of progress are emerging. Over the next twelve years, EU Member States will see their funds multiply, with a commitment to invest 25% of these revenues in clean technologies. In early 2024, the European Council and Parliament reached an agreement on the Net-Zero Industry Act, which aims to enhance the EU’s manufacturing capacity for technologies crucial to the net-zero transition. This legislation offers a significant chance to revitalize the continent’s industries and strengthen its strategic autonomy.
However, innovation's scalability remains a challenge. Although the EU is responsible for 30% of global scientific research, only 7% of market-ready innovations originate within the region. We are leaders in creativity, but others often capitalise on the benefits.
Securing future goals requires innovative systems to ensure investment is secured. Support for the public sector is critical to minimise any uncertainties associated with private investors. These groups will play a crucial part in eliminating risk and allowing for additional private sector investment via grants, loan guarantees, tax incentives and public-private financing.
The Iberian Peninsula's clean tech sector has become a key part of this emerging landscape. In recent years, investment in cleantech in Spain and Portugal has grown sixfold. Today, there is a critical mass of investment funds focused on cleantech, and international innovators like Stegra, Malta, Rondo, and Matteco are establishing manufacturing operations in the region. "Cleantech for Iberia" is a pioneering initiative that brings together investors and innovators in clean technologies, uniting them for the first time to foster a more cohesive ecosystem, promote co-investment, and accelerate deal flow. This initiative also strengthens the connection between the cleantech community and institutions.
Europe has the opportunity to become a cleantech leader, but this transition requires collaboration, leadership and enhanced public-private partnerships. Cleantech for Iberia is committed to reshaping its values and prioritising solutions rather than challenges. This defining period requires confidence, determination and strong leadership to continue the development of cleantech and enable a sustainable future.
