Commenting on the European Council Meeting to take place on Wednesday, May 22, EUROFER director general Gordon Moffat stated that the European Council must reshape EU policies into a real industrial policy for growth, jobs and innovation.
According to EUROFER, the European Council should set a clear objective that substantially decreases the gap of average energy prices for industrial consumers between the EU and its main competitors, namely the US. Climate policies and objectives need to be sector-specific, based on what is technologically feasible and economically viable for each sector, taking account of the developments in the rest of the world. "No company will invest in Europe if climate targets are unachievable and energy prices are three or four times the prices in other parts of the world," Mr. Moffat said.
The EU must have a new approach whereby targets set in different policy areas such as climate change, energy and competitiveness are integrated into one industrial growth objective that provides a long-term perspective and legal certainty to industry in Europe.
