T able 8 Industrial policy framework for the sustainable transition of the nonfe rrous industry to a climate neutral Europe 86 S trategic regulatory alignment It is important to ensure consistency and integration among the broader enabling and reg ulatory framework afecting the nonferrous metals industry This includes the recognition of its role in creating a climate neutral economy and the opportunities within the circular economy for metals In particular the recognition that metals production forms an ecosystem with strong technical and economic interlink ages between primary and secondary production industrial symbiosis and foremost the role of carrier metals to enable the production and recovery of other sometimes rare metals In the conte xt of a circular and resource efcient economy it is essential that the regulatory environment promotes or at least does not prevent society as a whole and the metals industry to maximise the value of byproducts and enhanced recovery of metals in waste streams Finally consistency is required with regard to the application of important EU legislation such as REA CH in particular for materials and especially articles entering the EU This would prevent materials and articles meeting lower environmental and health standards of escap ing REA CH authorisation duties leaking into the EU and afecting the competitiveness and quality of metals production in the EU In general when considering nonferrous metals as a strategic part of crucial value chains for the transition to a climate neutral economy there is need for enhanced fnetuning align ment and integration of the overall regulatory environment as to allow the metals industry to play its full role in this transition while maintaining the highest standards on environmen tal and climate protection 1 Competitivelypriced carbonfree electricity Develop an integrated strategy for the development of a full range of lowcarbon and car bon neutral energy carriers and related energy infrastructure and energy storage in Europe Provide a mark etbased and mark et responsive framework that delivers costefcient electricity meeting industrial needs Guarantee stable and predictable compensation for indirect EU ET S costs renewable energy support schemes Introduce a positive regulatory framework for power purchase agreements and long term power contracts including crossborder PP As A dequately value industry s current and future role in balancing the profle of electricity mark ets 2 Innovation investments support Optimise the governance and coherence of Europe s innovation architecture including robust and regular monitoring and fe xibility for reorientating fnancing when necessary Use fscal and fnancial instruments to assist in guiding industrial investments towards lowCO 2 solutions Improve public procurement practices across the EU by making better use of the e xisting Public Procurement P ack age by linking public procurement to lowCO 2 standards Support brownfeld conversion through regulatory fe xibility and access to the EU ET S modernisation fund Ensure that the new sustainable fnance tax onomy considers the large investment challenges for energyintensive industries and the role of metals in enabling downstream green investments MET ALS IN A CLIMA TE NEUTRAL EUROPE A 2050 BL UEPRINT 79