EU plans to boost industry competitiveness and sustainability

The European Union will introduce a new plan to enhance competitiveness for its industries facing high energy costs and competition from the US and China. The strategy includes support for sustainable production and a more flexible state aid framework. Key measures will be outlined, including faster renewable energy permitting and updates to regulations on low-carbon hydrogen. The EU aims to cut energy costs for businesses and households while maintaining its emissions reduction goals. Commission President Ursula von der Leyen will meet industry leaders to discuss these developments. Concerns remain about the future of European manufacturing amid rising energy costs and competition from foreign subsidies.