European Commission proposes ‘Buy EU’ plan to compete against China

2026-03-04 - 17:43

Plan, which aims to preserve jobs in clean tech and low carbon sectors, could include UK if there is reciprocal market access The European Commission has proposed a “Buy EU” plan to boost domestic low-carbon industries and help the continent compete against China. The commission published a draft regulation – called the Industrial Accelerator Act – on Wednesday, setting demands for EU-made and low-carbon content on bodies spending public money. The rules mark a major shift in economic thinking from Brussels, long a bastion of open markets. Continue reading...