Graph of the month: the EU goes to support industry even though it still reigns supreme in pollution
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Industrial production is the biggest contributor to European emissions from 2019. The EU is now going to support it by cutting green measures. Yet the threats from the climate crisis are just as acute as when these measures were adopted.
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This article is part of the Special: the EU in 2025. Europe needs a more assertive European trade policy to resist unfair competition from third countries. State interference and ongoing geopolitical conflicts could be the "lethal cocktail" that drives industry out of Europe, Slovak business representatives say of the challenges in 2025.
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Europe wants to reduce energy prices by investing in gas infrastructure. But experts say this only deepens dependence on fossil fuels and Brussels should do everything in its power to decouple electricity prices from gas prices.
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The construction of a smart power line in the south of Slovakia and a hydroelectric power plant under the Tatras will receive support from the Connecting Europe Facility, the European Commission has announced. In total, it has allocated around €1.25 billion to energy projects.
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The European Commission also wants to compete with the US and China by reducing environmental demands on companies. Changing the rules on the fly will harm businesses that have already started their green transformation, creating legal uncertainty and undermining green investments, they say.
