The EU’s Green Deal Faces Setbacks and Resistance
The European Union’s plan to achieve net zero emissions by 2050, known as the Green Deal, is facing challenges and delays. Industry, farmers, and companies, burdened by high inflation and increased energy costs after Russia’s invasion of Ukraine, are critical of the plan. The EU’s dependence on Chinese imports for clean technologies such as solar panels and batteries further complicates the green transition, as an anti-subsidy probe against Chinese electric car manufacturers could prompt Beijing to retaliate. The EU is also facing competition from the US, which has offered substantial tax credits and subsidies for clean technology companies.
European Commission President Ursula von der Leyen has refocused her policy objectives on industrial concerns and the decarbonization of industry. However, the Green Deal’s revision or introduction of legislation has slowed down, drawing criticism from politicians and executives who see it as a series of unattainable targets. The EU manufacturing industry expresses support for the Green Deal but is concerned about deindustrialization in Europe. Agreements on newer proposals are becoming increasingly difficult as EU elections approach, and some regulations are likely to be watered down or shelved. Member states such as Poland are challenging Green Deal regulations in court, citing threats to energy security and social inequality.
Despite the setbacks and resistance, the EU’s climate targets are transforming the region’s economic model, particularly in energy and technology. The implementation of these targets was expected to encounter obstacles.
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