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

Plan, which aims to preserve jobs in clean tech and low carbon sectors, could include UK if there is reciprocal market accessThe 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...