EU Leaders Face Pressure to Reinforce Green Agenda Amid Fading Economy, Campaigners Warn.
In an effort to revive the EU's struggling economy, leaders are under pressure to soften their stance on climate and environmental policies. However, campaigners are sounding the alarm, warning that rolling back green regulations could undermine the bloc's transition efforts.
Industry experts point to high energy costs, aging assets, global overcapacity, and delayed investments as key drivers of the sector's woes. Yet, campaigners argue that deregulation is not a viable solution, citing the role of fossil fuel prices and market dynamics in shaping industry woes.
As EU leaders convene in eastern Belgium this week to discuss strengthening the single market, the stakes are high. Climate Action Network pan-European group NGOs have issued an open letter cautioning against watering down climate policies, which they claim could weaken the EU's carbon price and stall clean energy initiatives.
Thinktanks report that Europe is making slow progress towards reviving its economy, with only 15% of Mario Draghi's landmark 2024 recommendations implemented. The European Policy Innovation Council's latest analysis highlights a lack of action on key issues, including an annual โฌ800bn investment drive to support EU growth.
Critics are now warning that EU regulators are creating their own barriers to growth, equivalent to a 44% tariff on goods and 110% on services. With the US imposing new tariffs, some are taking aim at the "internal tariffs" imposed by EU policymakers, arguing that complacency over regulatory hurdles is crippling economic progress.
As the European Commission prepares to publish an Industrial Accelerator Act aimed at boosting clean tech, campaigners will be watching closely to ensure that green regulations remain intact. With climate policies under siege, EU leaders face a critical test of their commitment to sustainability and growth.
In an effort to revive the EU's struggling economy, leaders are under pressure to soften their stance on climate and environmental policies. However, campaigners are sounding the alarm, warning that rolling back green regulations could undermine the bloc's transition efforts.
Industry experts point to high energy costs, aging assets, global overcapacity, and delayed investments as key drivers of the sector's woes. Yet, campaigners argue that deregulation is not a viable solution, citing the role of fossil fuel prices and market dynamics in shaping industry woes.
As EU leaders convene in eastern Belgium this week to discuss strengthening the single market, the stakes are high. Climate Action Network pan-European group NGOs have issued an open letter cautioning against watering down climate policies, which they claim could weaken the EU's carbon price and stall clean energy initiatives.
Thinktanks report that Europe is making slow progress towards reviving its economy, with only 15% of Mario Draghi's landmark 2024 recommendations implemented. The European Policy Innovation Council's latest analysis highlights a lack of action on key issues, including an annual โฌ800bn investment drive to support EU growth.
Critics are now warning that EU regulators are creating their own barriers to growth, equivalent to a 44% tariff on goods and 110% on services. With the US imposing new tariffs, some are taking aim at the "internal tariffs" imposed by EU policymakers, arguing that complacency over regulatory hurdles is crippling economic progress.
As the European Commission prepares to publish an Industrial Accelerator Act aimed at boosting clean tech, campaigners will be watching closely to ensure that green regulations remain intact. With climate policies under siege, EU leaders face a critical test of their commitment to sustainability and growth.