Bruges, 5 December 2022 (TDI): The President of the European Union (EU) Commission, Ursula von der Leyen addressed the College of Europe in Bruges, Belgium. She discussed Europe’s competitiveness and accelerating clean energy with a strong industrial base.

During the address, she highlighted the tech competition between European Union and the United States (US). This fair competition between states can excel their industries and transform their economies.

She underlined the cooperation between US and EU over strengthening clean energy industrial bases from standard to raw materials.

She also mentioned that the European Union is in a strong position to compete in the global market. The priority area for European Union is the cleantech field. Europe is advancing towards a green deal to support a fair playing field for the industries.

Moreover, she reaffirmed the EU’s commitment to tackle the distortions in the region including IRA (Irish Republic Army). These factors create hurdles in the peace of the area and need to be dealt with accordingly according to the EU President.

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In this regard, she put forward priority areas to be focused on. The areas include state aid rules, furthering the EU funds for the transition, and working with the US to address concerning aspects of the IRA.

EU and US are modernizing their economies and addressing climate change through plans like EU Green Deal and Inflation Reduction Act.

EU Green Deal

The EU Green Deal is a set of policy initiatives adopted by the European Commission. This deal was approved in 2020 with the aim of making the European Union climate-neutral in 2050.

This plan also includes new legislation on farming and innovation, building renovation, circular economy, and biodiversity.

As stated by the President of the European Commission, Ursula von der Leyen, the EU Green deal is a “man on the moon moment” for Europe.

This reaffirms Europe’s commitment to protecting the environment by introducing clean tech plans and bases for industries.