Mario Draghi's report on the future of European competitiveness stresses the importance of aligning policies with EU decarbonisation objectives to spur growth. While acknowledging the potential of decarbonisation to lower energy prices and lead in clean technologies, Draghi warns of the risks of failing to coordinate policies effectively. The report highlights China's growing dominance in clean tech due to faster innovation, lower costs, and state subsidies, which may challenge EU demand for clean tech. To address this, the report suggests a joint decarbonisation and competitiveness plan to lower energy costs, promote clean technologies like hydrogen, and focus on grid deployment. Draghi also recommends a mixed strategy to counter Chinese overcapacity, emphasizing the need for different policy tools for various industries. By leveraging Europe's market power and establishing partnerships, the EU aims to transfer the benefits of clean energy to consumers and boost competitiveness. To fully tap into clean tech opportunities, the report recommends mobilizing public and private finance, accelerating clean energy infrastructure projects, and digitalizing permitting processes. By aligning policies, enhancing grid deployment, and embracing clean technologies, Europe can navigate the challenges posed by China's dominance and achieve sustainable growth.