The Ministry of Development seems to be planning the establishment of new criteria for inclusion in the Development Law with an emphasis on scoring green investments.
As officials of the Ministry of Development comment to APE-MPE, “the goal remains to make the Development Law a useful tool for the re-industrialization of the Greek economy, which is a priority for the Government”.
The axes
According to the information, the axes on which a “facelift” is planned in the Development Law concern the support of the green transition, the processing of strategic and critical raw materials, shipyards and the ship and vehicle equipment production industry, food processing and the textile industry.
Investments in environmental upgrading and strengthening corporate social responsibility, from energy and agriculture to tourism and shipping, are a priority for the business community to adapt to the demands of climate change. So, as the officials of the ministry comment to APE-MPE, “the introduction of new, fair and objective criteria aimed at the adoption of high ESG conditions and the motivation of business mergers are a key orientation”.
In this context, the critical sectors that are planned to be emphasized in the future with their premium in the Development Law are – as far as the production sector is concerned – to support the green transition:
the production of energy storage systems,
the production of photovoltaic panels or equipment from which they consist,
the production of wind turbines or equipment from which they consist,
the production of carbon capture equipment, the production of carbon capture technology media products,
the production of recycling machinery
and the production of plastic raw materials through chemical recycling technology.
In addition, the sector of processing strategic and critical raw materials such as gallium, nickel, aluminum (mining, beneficiation, refining), the shipyards sector and more generally the ship and vehicle equipment production industry, the processing sector is of particular interest food and the textile industry.
With regard to scoring, for inclusion in the Development Program, the new evaluation criteria for companies, which are being processed, among others, are related to the following actions:
Cooperation with research institutes/universities for research and innovation actions
Possession of industrial property patents
High extroversion index (value of exports)
Published Annual Sustainability Reports (ESG)
Establishment of businesses in industrial parks (organized receptacles)
Mergers-Acquisitions.
Source: enikonomia.gr
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