Portugal drafts Green Industrial Strategy to lure decarbonisation investment

The Portuguese government has ordered the drafting of a Green Industrial Strategy, effective since 25 June, aiming to make Portugal a competitive destination for industrial investment tied to decarbonisation and energy transition. The document will map priority value chains such as green heavy industry, decarbonised steel, batteries and carbon capture, assess their economic potential, and flag regulatory, financial and infrastructure obstacles. The government cites electricity prices roughly 30% below the EU average, an 80% renewable energy share and near-total fibre-optic coverage as competitive strengths. Specialised bodies will develop the strategy through 2040, working with businesses and researchers.