EU Industry Calls for Green Shift Help to Rival China and US
- Industry leaders call for lower energy costs and less red tape
- Commission President von der Leyen looks to win over business
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The heads of major industrial companies want the European Union to cut energy costs and the regulatory burden of green rules to help the region stay competitive as the energy transition accelerates.
Over 70 business and industry leaders — including Jim Ratcliffe, the billionaire chairman of chemicals giant Ineos Group, are urging the bloc to introduce a European Industrial Deal to boost competitiveness during the shift. Their key asks are to make energy cheaper, cut red tape and boost clean tech funding.