The European Union has introduced a range of fresh initiatives to foster green technology and secure raw materials, in an effort to maintain its competitive edge against the U.S. and China amid growing global protectionism.
The European Commission presented goals to ramp up the processing of key metals in Europe, measures to make green-energy investments easier, and incentives for renewables and carbon-capture.
The EU’s Net Zero Industry Act seeks to retain clean-tech manufacturing within the region, with a goal of reaching a 40% threshold for critical sectors such as solar panels and batteries by the end of the decade.
