Friday, July 25, 2025
LBNN
  • Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • Documentaries
No Result
View All Result
LBNN

EU to push ‘Made in Europe’ tag in green industry, Sefcovic says

Simon Osuji by Simon Osuji
October 12, 2023
in Energy
0
EU to push ‘Made in Europe’ tag in green industry, Sefcovic says
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


The European Union will be much more “assertive” in touting a “made in Europe” approach to ensure that green industries like hydrogen and wind stay on the continent.

The EU is not afraid to be more forceful in protecting its industries against global competition, Maros Sefcovic, chief of the bloc’s green deal said at a conference in Brussels. The region is under pressure to ensure that its transition isn’t marked by a massive outflow of industry to the US and China.

“We must not be so shy to use trade defense instruments because we are in that phase where we simply need to project our clear attitude to industry,” he said. “We are the pioneers and we want to stay that way.”

Europe is trying to turbo-charge a move to renewable energy but policy makers want to prevent those efforts from boosting the sales of foreign manufacturers in countries such as China, making the 27-nation bloc reliable on imports.

It has already launched a probe into Chinese electric vehicles, and its Net Zero industry Act is an effort to rival Washington’s Inflation Reduction Act.

The European Commission, the bloc’s executive branch, is set to launch a wind power package later this month, which will accelerate permitting for projects, help ensure stable supply chains and improve existing rules on auctioning. Fresh sources of money for key technologies could also come from the likes of the European Investment Bank, according to Sefcovic.

Sefcovic said the EU would evolve its approach to public procurement, by departing from price metrics only, while putting more focus on areas like a company’s carbon footprint and where key raw materials are sourced. Using green power or hydrogen to manufacture equipment would also be considered, he added.

“I want to send this very clear political message,” he said, addressing industry in the conference hall. “You’re a priority for us. We will fight for European industry.”

Recommended for you

Oil is used in prosthetics, lego, medical equipment and other products.

What do we use it for? Looking at the UK’s non-energy oil demands



Source link

Related posts

Tanzania commits $1.7 million to boost clean cooking energy sector

Tanzania commits $1.7 million to boost clean cooking energy sector

July 25, 2025
African countries with the most expensive privately owned solar projects

African countries with the most expensive privately owned solar projects

July 25, 2025
Previous Post

TerraUSD Led to $100M in Losses for Alameda

Next Post

500 Global Publishes The Rise Report with Aim to Illuminate Opportunities in the Next Decade of Global Technology

Next Post
500 Global Publishes The Rise Report with Aim to Illuminate Opportunities in the Next Decade of Global Technology

500 Global Publishes The Rise Report with Aim to Illuminate Opportunities in the Next Decade of Global Technology

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Saudi Arabia & China Partner to Develop New AI System

Saudi Arabia & China Partner to Develop New AI System

2 years ago
Jesse Jackson to Lead Emergency Summit in Chicago to Address Escalating Gaza Humanitarian Crisis

Jesse Jackson to Lead Emergency Summit in Chicago to Address Escalating Gaza Humanitarian Crisis

2 years ago
Ukraine rejects Nigeria’s Mi-24 attack helicopters

Ukraine rejects Nigeria’s Mi-24 attack helicopters

6 months ago
U.S. FDA Approves ABRYSVO™, Pfizer’s vaccine for the prevention of respiratory syncytial virus (RSV) in infants through active immunization of pregnant individuals 32-36 weeks of gestational age

Bill & Melinda Gates Foundation, Children’s Investment Fund Foundation, Pfizer and Becton, Dickinson & Company expand partnership for greater access to injectable contraceptive for women in low- and lower-middle-income countries

2 years ago

POPULAR NEWS

  • Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    0 shares
    Share 0 Tweet 0
  • When Will SHIB Reach $1? Here’s What ChatGPT Says

    0 shares
    Share 0 Tweet 0
  • Top 10 African countries with the highest GDP per capita in 2025

    0 shares
    Share 0 Tweet 0
  • The world’s top 10 most valuable car brands in 2025

    0 shares
    Share 0 Tweet 0
  • Tanzania’s natural gas sector goes global with Dubai deal

    0 shares
    Share 0 Tweet 0
  • Privacy Policy
  • Contact

© 2023 LBNN - All rights reserved.

No Result
View All Result
  • Home
  • Business
  • Politics
  • Markets
  • Crypto
  • Economics
    • Manufacturing
    • Real Estate
    • Infrastructure
  • Finance
  • Energy
  • Creator Economy
  • Wealth Management
  • Taxes
  • Telecoms
  • Military & Defense
  • Careers
  • Technology
  • Artificial Intelligence
  • Investigative journalism
  • Art & Culture
  • Documentaries
  • Quizzes
    • Enneagram quiz
  • Newsletters
    • LBNN Newsletter
    • Divergent Capitalist

© 2023 LBNN - All rights reserved.