Thierry Breton, European Commissioner for Internal Market, appeared before the European Parliament’s Committee on Monetary Affairs (ECON) on Monday 27 November to discuss the European Union’s industrial policy and the measures being taken to combat the impact of the US Inflation Reduction Act (IRA) on the competitiveness of Europe’s ‘net-zero’ industry.
“The IRA is an ‘America first’ approach. It has to be said”, he asserted, before detailing the negative effects already...