Speaking at the World Economic Forum in Davos on Tuesday 17 January, the President of the European Commission, Ursula von der Leyen, put forward the idea of setting up a ‘Net-Zero Industry Act’ at EU level. This is one of the four elements of a European response to third-country initiatives to support productive investment in the climate transition, first and foremost of which is the US Inflation Reduction Act.
“We need to create a regulatory environment that allows us to scale up...