The European Commission has revealed the comprehensive Clean Industrial Deal and Affordable Energy Action Plan, introducing several initiatives to promote decarbonization and energy transition. The Industrial Decarbonisation Accelerator Act will create a voluntary label to display the carbon intensity of industrial products, with a focus on steel initially. Additionally, a label for cement under the Construction Products Regulation will be established, facilitating distinctions in carbon intensity and enabling targeted incentives. The Commission plans to streamline carbon accounting and accelerate industrial access to energy, along with supporting power purchase agreements and the European supply chain through a €500m pilot program and a 'Grids manufacturing package.' Noteworthy hydrogen measures include adopting a Delegated act in 2025, launching the Hydrogen Mechanism, and allocating up to €1bn for hydrogen production. The Clean Industrial Deal seeks to boost investments in energy and innovation by €480bn, with immediate funding of €100bn to enhance clean manufacturing and assess renewable fuels of non-biological origin. The sentiment towards these initiatives is positive, aiming to support energy-intensive industries, enhance competitiveness, and pave the way for a sustainable industrial future.