EU's Clean Industrial Deal boosts renewable energy production

The European Union has introduced the Clean Industrial Deal to boost renewable energy and reduce reliance on fossil fuel imports. This initiative aims to save the EU €45 billion in import costs by 2025. Key measures include speeding up permits for sustainable projects, adjusting energy tariffs, and increasing subsidies for renewables. The goal is for 40% of renewable technology to be produced within the EU. The deal also shifts some sustainability regulations from small businesses to larger polluters. The EU expects these changes will lead to annual savings of €130 billion by 2030.