The EU’s Net-Zero Industry Act announced last week aims to keep the manufacture of clean technologies within the EU and shows that global fracturing will take place within blocs as well as between blocs over the coming years. But the bigger picture is that both this act and the US Inflation Reduction Act should accelerate the EU’s use of renewables in generating electricity even if there are shifts in where the technology is manufactured.
In view of the wider interest, we are sending this Energy Update to clients of our Climate and Euro-zone Economics services.
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