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EU to present green industry plans to remain competitive

European Commission President Ursula von der Leyen makes a statement on the European Union (EU) Vaccines Strategy in Brussels, Belgium, July 27, 2021. Seventy percent of adults in EU have received at least one vaccine dose against COVID-19, she said on Tuesday. (Xinhua/Zhang Cheng)

The European Commission will present plans on Wednesday in an effort to ensure Europe can compete with the United States as a manufacturing hub for electric vehicles and other green products.

Commission President Ursula von der Leyen is expected to make several announcements including a loosening of EU state aid rules, a repurposing of existing EU funds, faster approval of green projects and drives to boost skills and to seal trade agreements to secure supplies of critical raw materials.

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