EU To Prepare Law To Help Its Green Industry
The European Union will prepare a law to make life easier for its green industry and back it up with state aid and a European Sovereignty Fund to keep firms from moving to the United States, the head of the European Commission said on Tuesday.
Ursula von der Leyen said in a speech the moves would be part of the EU’s Green Deal industrial plan to make Europe the home of clean technology and industrial innovation on the road to net-zero CO2 emissions by 2050.
“To help make this happen, we will put forward a new Net-Zero Industry Act,” she said. “The aim will be to focus investment on strategic projects along the entire supply chain. We will especially look at how to simplify and fast-track permitting for new clean tech production sites,” she said.
The EU is concerned that European companies will move to the United States, which has a $369 billion scheme to subsidise green production. The EU will therefore provide money for its industry as well, von der Leyen said.
ESM
Related news
A sharp price increase is possible: a pack of cigarettes could become more expensive by up to 1,000 forints
Hungarian smokers could soon face a significant price hike: a…
Read more >Europe revisits plan to ban use of ‘meat’ names for plant-based alts
The proposals include items such as beef, pork, chicken, and…
Read more >New survey: consumers don’t want toxic chemicals
A new survey across five countries has revealed serious concerns…
Read more >Related news
Chicken is getting more expensive, eggs are getting more expensive – this is what awaits Hungarian consumers now
A significant price increase has taken place on the domestic…
Read more >2025 brought an unpredictable season to the stone fruit market
The 2025 stone fruit season is characterised by contrasting trends…
Read more >Top 10 Places for the Best Cottage Cheese Dumplings in Hungary
There’s a dish that transcends generations, evoking both the nostalgia…
Read more >