The European Commission proposed a new Industrial Accelerator Act in March, aimed at reversing Europe's long-term industrial decline by raising manufacturing's share of EU GDP to 20% by 2035. Priority sectors include energy-intensive industries, net-zero technologies, automotive supply chains and advanced materials. Key measures include faster permitting for industrial and decarbonisation projects, "Made in EU" procurement criteria targeting products such as steel, aluminium, batteries and solar technologies, and new conditions on large foreign investments to protect strategic supply chains. Member States would also be encouraged to designate industrial manufacturing acceleration areas to cluster projects and sharpen competitiveness.
EU Launches Industrial Accelerator Act to Bolster Strategic Manufacturing
NIA Staff
1 min read
Original Source
single-market-economy.ec.europa.eu
https://single-market-economy.ec.europa.eu/document/download/9bc8eb85-4d43-4025-be7b-c86b9f3648ec_en?filename=Proposal%20establishing%20measures%20for%20industrial%20capacity%20and%20decarbonisation%20in%20strategic%20sectors%20.pdf
