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EU to unveil plans for leadership in green industrial revolution [March 16, 2023] BRUSSELS (Reuters) - The European Commission on Thursday will present the centrepieces of its strategy to ensure its industry can compete with the United States and China in making clean tech products and accessing raw materials required for the green transition. The EU executive's Net-Zero Industry Act and Critical Raw Materials Act, part of its Green Deal Industrial Plan, are designed to ensure the bloc is not just a frontrunner in cutting carbon emissions, but also ahead on the technology required to do so. There are signs it is lagging. |
European Commission President Ursula von der Leyen presents a "communication" detailing the EU's "Green Deal Industrial Plan" to ensure the bloc plays a leading role in clean tech production, partly in EU's response to the U.S. Inflation Reduction Act, which will provide $369 billion of subsidies for electric vehicles and other green products, in Brussels, Belgium February 1, 2023. REUTERS/Yves Herman
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