European Commission Proposes Industrial Accelerator Act to Boost EU Manufacturing
The European Commission has introduced the Industrial Accelerator Act (IAA), a legislative proposal aimed at enhancing the EU's strategic autonomy in net-zero technologies and energy-intensive industries. The IAA mandates EU-origin requirements for public procurement and introduces foreign direct investment (FDI) controls, particularly targeting Chinese investors. The proposal seeks to bolster the EU's industrial base, focusing on sectors like solar, wind, and battery technologies. The act also aims to streamline permit-granting procedures and establish industrial manufacturing acceleration areas. The legislative process is ongoing, with adoption expected by 2027. 
