"Without a strong industrial base, without a European social model, we won't have any climate transition and we won't have strategic autonomy. If we do nothing then it's quite clear that very soon 100% of tech technology will be produced in China."
"The commission published a draft regulation called the Industrial Accelerator Act on Wednesday, setting demands for EU-made and low-carbon content on bodies spending public money. The rules mark a major shift in economic thinking from Brussels, long a bastion of open markets."
"EU officials suggested the UK and Japan could be counted as domestic producers when it comes to procurement of electric vehicles, because their markets are open. In contrast, countries with more closed markets such as the US and India would be likely to face restrictions."
The European Commission introduced the Industrial Accelerator Act, a draft regulation requiring public spending to favor EU-made and low-carbon content products. This represents a significant departure from Brussels' traditional open-market approach. The plan aims to strengthen Europe's domestic low-carbon industries and reduce dependence on Chinese competition, particularly in sectors like solar panels and electric vehicles. EU officials indicated flexibility in including countries with reciprocal market access, such as the UK and Japan, while potentially restricting those with closed markets like the US and India. Commission Vice President Stephane Sejourne emphasized that without a strong industrial base and European social model, climate transition and strategic autonomy cannot be achieved. The initiative responds to China's dominance in technology production and aims to prevent further offshoring of European cement and steel industries.
Read at www.theguardian.com
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