EU maintains climate goals while easing business regulations

The EU plans to maintain its climate goals while easing regulations for companies facing economic challenges. This shift aims to support struggling industries amid high energy costs and slow growth, as stated by European Commission vice-president Teresa Ribera. A new Clean Industrial Deal will promote European products and reduce compliance costs for businesses. The EU aims to cut the annual cost of regulations by €37.5 billion by 2029, while also simplifying rules for small and medium enterprises. Critics express concern that these changes may reduce transparency and accountability. The EU emphasizes that it will not abandon its Green Deal but seeks to balance environmental goals with economic competitiveness.