As the backbone of the current and future digital economy, cloud and edge computing are also set to play an important role in achieving the bloc’s collective ambition to reduce greenhouse gas emissions by 55% by 2030 and achieve climate neutrality. The market will increasingly look for energy efficient cloud infrastructure and services. Born in pursuit of greater efficiency and optimal use of over-capacity, cloud computing can play a leading role in fighting climate change by integrating environmental onsiderations into its equation. To build the next generation cloud and edge offering, Europe must not look in the rear and the European market must focusing its energy in achieving a leapfrog in technology and competitiveness. Such leapfrogging will primarily stem from innovations that push the technological boundaries, especially in terms of ability to manage cloud-edge and multi-cloud environments, curb environmental impacts, and meet industry-specific needs, but will also involve standardisation. the report provides a collective view of the technology domains requiring strategic investment to enable the development and adoption of competitive, secure, trusted, and climate-neutral cloud and edge services across the EU.Priority investments revolve around three pillars: 1) Becoming the leader in domains that will shape and showcase European cloud and edge offerings on the global market 2) Renewing and expanding infrastructure foundations across Europe 3) Enabling sovereign and sector-specific services to end-users