The European industrial sector faces great challenges: the price of energy lasts its competitiveness, the external dependence on gas has become geopolitical vulnerability, and climatic risks require transforming production processes. The European Commission's response has arrived strongly, and that is that Clean Industrial Deal and the affordable Energy Action Plan promise to change the rules of the game in the coming years, turning sustainability into a competitive advantage. Clean Industrial Deal aims Clean. To do this, commitment to the circular economy, public-private collaboration on a global scale and support for sectors such as the electropinely-acero and chemical industry-and Cleantech. Within this framework, the affordable energy action complements the strategy with measures to guarantee a more resilient, profitable and decarbonized energy supply, as well as the modernization of the electrical networks, the exhaustion of electrical networks. Permits, and the reform of the energy market on issues such as the decoupling of the prices of the electricity of the volatility of the gas. For this, it is intended to strengthen cross -border cooperation through a more integrated and efficient energy union. Regulatory and fiscal coordination between Member States is crucial for the implementation of efficient measures. Financing is another key challenge. The European Commission, by the hand of the industrial decarbonization bank, plans to mobilize more than 100,000 million euros to boost a cleaner industry. However, public investment alone is not enough. An adequate collaboration between public and private investment will be decisive to channel European savings towards innovation and sustainable transition, integrating markets and making possible the improvement of infrastructure or the development of energy storage solutions, among others. However, if financing mechanisms are not well designed, capital flow may not materialize at the necessary level or not to be used efficiently. Clean Industrial Deal is an ambitious advance for the European industry, integrating sustainability in its competitiveness strategy, but achieving its objectives will depend on a coordinated governance and a solid financial framework. Europe has the opportunity to lead industrial decarbonization on a global scale, but for this you must ensure that the transition is viable and equitable. The Martínez, BBVA Research.