Three principles to improve the EU Net Zero Industry Act
With the US Inflation Reduction Act (IRA), a massive investment program of over 700 billion US dollars was launched for the transformation of the American economy. In doing so, the U.S. government has created an incentive structure and a market for green technologies. EU measures, by contrast, often consist only of regulatory burdens, difficult-to-access funding and coercive measures.
In response to the IRA, industry has therefore repeatedly called for a pragmatic response from the EU in the run-up to the IRA in order to orient EU industrial policy toward more market incentives,entrepreneurship, bureaucracy reduction and supply-oriented industrial policy.
In our new issue of 'politiX positions' we explain how the proposed NZIA measures must be improved in order to attract new investment for industrial transformation to the extent required.
