EU proposes Industrial Accelerator Act, implementing “Made in EU” strategy

The European Commission has proposed a Regulation establishing a framework of measures for the acceleration of industrial capacity and decarbonization in strategic sectors, also known as the Industrial Accelerator Act (IAA). The proposal follows urgent calls from EU industry to improve the European Union's competitive position. If adopted, the IAA would introduce local and low-carbon content requirements for public procurement and funding schemes in certain sectors.... By: White & Case LLP