economy
EU urged not to roll back green agenda in effort to revive faltering economy
Campaigners say industrial issues cannot be solved by watering down climate and environmental policies
TL;DR
- EU leaders are warned against rolling back the green agenda ahead of a summit on the bloc's economy.
- Campaigners state that industrial issues like high energy prices and global competition cannot be solved by weakening climate policies.
- Deregulation is seen as detrimental to the EU's carbon price and energy transition.
- Progress on implementing recommendations from Mario Draghi's report for economic revival is slow, with only 15% implemented.
- The EU faces internal regulatory barriers that act as significant tariffs on goods and services.
- The European Commission plans to introduce an Industrial Accelerator Act to boost clean tech and promote a 'buy European' preference.