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European industry in crisis: energy prices paralyze progress!
Learn how the Clean Industrial Deal influences European industrial policy and is intended to increase competitiveness.
European industry in crisis: energy prices paralyze progress!
The European Industrial Association has welcomed the Clean Industrial Deal, but is calling for a fundamental realignment of industrial policy in Europe. As IV general secretary Christoph Neumayer explained, the deal is a necessary step to strengthen the competitiveness of European industry. With the Antwerp Declaration in the back, which was launched by leading industrial representatives, Neumayer warns that the EU must take specific steps to clear out its laws. "Europe has decreased for years and a radical paradigm shift is essential," said his tough words. The focus must be increasingly on creating a cheap environment for European companies in order to be able to exist in global competition, such as ots.at reported.
In the current discussion about energy prices, it becomes clear that short -term effects are not to be expected from the new proposals. Neumayer emphasizes that the EU Commission is currently planning primarily non-binding guidelines that will not have any significant effects on energy prices. In fact, industry in Europe pays exorbitant prices for electricity and gas that are up to five times higher than in the USA. This dramatic situation urgently requires measures because the competition does not sleep. Latest statistics as they are in the report of destatis.de are recorded, show a constant price adjustment in both natural gas and oil supply. Neumayer warns that high prices will remain the order of the day without increasing the energy offer.
The Clean Industrial Deal has also set the acceleration of approval processes and the expansion of the power grid infrastructure. In the long term, these aspects could contribute to reducing energy costs, which is of crucial importance for European industry. The call for increased investments in research and key technologies is also a central point to secure the position of Europe in the global market and to keep the production location attractive.