The European Commission (Commission) has published its proposal for the Industrial Accelerator Act (IAA). The IAA is designed to boost demand for clean and “Made in EU” products in key strategic sectors. It aims to strengthen the Union’s economic resilience and strategic autonomy by creating lead markets for European low-carbon industrial products, attracting high-quality foreign investment and accelerating manufacturing projects through streamlined permitting. The proposed IAA could significantly affect suppliers in covered energy-intensive sectors and net-zero technologies, and non-EU investors in battery technologies, electric vehicles, solar PV and critical raw materials. Below, we outline the implications of the IAA’s “Made in Europe” provisions together with its new foreign direct investment (FDI) screening regime.
20
Mar