The European Union's executive branch has introduced an ambitious plan to overhaul its economic strategy, responding to industry leaders' worries about high taxes, rising energy costs, and strict regulations. EU Commission President Ursula von der Leyen aims to turn Europe into a center of industrial innovation by relaxing restrictions and offering essential support. However, environmental groups are raising alarms, concerned that deregulation might jeopardize the EU's climate objectives. Critics contend that the plans favor energy-intensive industries, which could weaken the European Green Deal. Despite these worries, von der Leyen reassures that environmental and social commitments will remain intact. The proposal, which includes substantial investments and cost-saving initiatives, will be further reviewed by the EU parliament and member states.
https://apnews.com/article/eu-economy-green-industry-reform-89a3b66611523d676f37c3fc966cf948
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