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Europe is accelerating the pace of cleantech-related policymaking. Before the end of the year, legislators intend to finalise large portions of the Fit for 55 package of climate policy, this while in the middle of an unprecedented energy crisis. Important negotiations are also ongoing regarding the Innovation Fund, the EU’s main scale-up funding tool. The coming months will be crucial for the EU’s ability to lead the race to net zero, improve its energy security and reach industrial leadership.