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February 21, 2023

EU Green Deal Industrial Plan: ‘We were expecting more’

By Seth O'Farrell

Brussels’ proposals for green industrialisation lack detail and direction, say European businesses – especially compared to the hefty incentives offered by the US government and the country’s net zero market growth prospects.

The US offer of billions of dollars’ worth of green incentives under its Inflation Reduction Act has spurred the EU to extend a lifeline to European companies who might already be tempted to decamp across the Atlantic. Yet, as it stands, it isn’t clear if the EU will be able to deliver the support the business community needs. 

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