The Commission’s ‘Green Deal Industrial Plan’, unveiled on Wednesday (1 February), promises simplified EU regulation for clean technologies, but critics say it lacks clarity and opens the door to unrestricted subsidies in France and Germany until the end of 2025.
The Commission’s new industrial plan comes in response to America’s $369 billion Inflation Reduction Act (IRA), which caused anxiety in Europe for inviting EU clean-tech companies to relocate production across the Atlantic.
It is set to be discussed at an upcoming EU summit meeting on 9-10 February and 24-25 March.
To boost clean tech manufacturing in Europe, the EU executive proposes a ‘Net-Zero Industry Act’ to “provide a simplified regulatory framework for production capacity” of technologies considered vital to meet Europe’s climate neutrality goals.
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