At the Brussels summit, EU leaders asked the European Commission to present concrete plans next month to speed up and simplify the investments needed in the green transition. EU leaders also want the EU executive board to present a strategic plan in early 2023 to boost European competitiveness and productivity. A new summit on this issue is scheduled for February.
For the leaders of the member states it is very important to keep the European economy and the planned climate policy alive. They see their strategy as necessary to safeguard Europe’s industrial and technological base, especially in light of the American Inflation Reduction Act, which favors American companies with subsidies. Europe fears an outflow of industries to the United States. Finally, strategic autonomy is intended to reduce dependence on China.
Complex
According to Prime Minister Rutte, further discussions will take place at an extraordinary summit in early February on how to make the EU more competitive. ‘It’s very complex. How to manage state aid, how to open up existing European programs more, how to send money to businesses more quickly,’ said the prime minister after the summit. He said action is needed “because there are two things happening at the same time.” High energy prices hit heavy industry and big business, and secondly America putting down a large sum of money, like, come here.’
Source: BNR
Sharon Rock is an author and journalist who writes for 24 News Globe. She has a passion for learning about different cultures and understanding the complexities of the world. With a talent for explaining complex global issues in an accessible and engaging way, Sharon has become a respected voice in the field of world news journalism.
