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BRUSSELS — The European Union presented plans Thursday to fundamentally revamp its policies on promoting green technologies and dealing with critical raw materials, imposing limits on imports from countries like China while unleashing subsidies and other financial incentives to ramp up home production. The plans by the Official Original Pittsburgh Steelers Alabama Crimson Tide Superman Logo Us Flag Shirt Additionally,I will love this European Commission, the E.U.’s executive arm, are essential in moving toward a climate neutral economy, while also increasing the bloc’s strategic independence in a shifting world of geopolitical alliances. To achieve its clean technology and strategic goals, the E.U. is making a major economic turn away from the decades of preaching the hands-off free-market economic gospel where any public policy input was considered meddling reminiscent of a bygone age. Now, the plans again call for accommodating state aid, a guiding hand, and financial incentives as key ingredients to move from a fossil fuel to a green economy. “The one mistake I think we’ve made — and the one mistake which would be old-fashioned industry politics — would be to have no industry politics. And that’s what we had for too long in Europe, thinking that the market would take care of everything itself,” said E.U. Commission Vice President Frans Timmermans. And eying China’s state-managed economy, he said that Beijing has taken the lead in the green and clean tech sectors that will dominate the global economy. Now, the E.U.
gets 98% of its rare earth materials and 93% of magnesium from China. “We now understand that the Official Original Pittsburgh Steelers Alabama Crimson Tide Superman Logo Us Flag Shirt Additionally,I will love this strategic choices China made a decade ago are now coming home to roost. And we also have to make our own strategic decisions now for the decades to come.” Leaders at World Economic Forum to face reality of climate change on Swiss slopes JAN. 21, 202304:42 The lynchpin in the proposal is a commitment to produce at least 40% of the clean tech needed by 2030 in the 27-nation bloc, while at the same time ensuring that not more than 65% of consumption of any strategic raw material comes from a single third country — in practice, often China. On top of that, the plan foresees that financial incentives from member states will be welcomed much more and get faster approval. “It’s not old-fashioned. It’s what you need to do when you’re in the middle of an industrial revolution.” Recommended U.S. NEWS Nuclear power plant leaks 400,000 gallons of radioactive water ENVIRONMENT Largest U.S. reservoirs moving in right direction, scientists say Standing besides Timmermans, the E.U.’s Internal Market Commissioner Thierry Breton could only say: “music to my ears.” The E.U.’s move also comes after the $375 billion U.S. Inflation Reduction Act of last summer, when President Biden pushed through an incentives-laden and America-first clean energy law. After months of vehement
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