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BREAKING
Sheikh Qassem: Our supporters make up more than half of Lebanon's population, and all of these people are united under the banner of protecting Lebanon, its Resistance, its people, and its integrity.
Sheikh Qassem: There will be no phased handing in of our arms. [The Israelis] must first enact the agreement before we start talking about a defensive strategy.
Sheikh Qassem: Be brave in the face of foreign pressures, and we will be by your side in this stance.
Sheikh Qassem: Stripping us of our arms is like stripping us of our very soul, and this will prompt us to show them our might.
Sheikh Qassem: We will not abandon our arms, for they gave us dignity; we will not abandon our arms, for they protect us against our enemy.
Sheikh Qassem: The US efforts we are seeing are aimed at sabotaging Lebanon and constitute a call for sedition.
Sheikh Qassem: If you truly want to establish sovereignty and work for Lebanon’s interests, then stop the aggression.
Sheikh Qassem: The United States, which is meddling in Lebanon, is not trustworthy but rather poses a danger to it.
Sheikh Qassem: The United States is preventing the weapons that protect the homeland.
Sheikh Qassem: The government’s latest decision [on the disarmament of the Resistance] is non-charter-based, and if the government continues down this path, it is not faithful to Lebanon’s sovereignty.

EU Net Zero Industry Act to combat US, China green energy initiatives

  • By Al Mayadeen English
  • Source: Agencies
  • 16 Mar 2023 14:01
3 Min Read

The EU is set to advance green energy proposal to combat increased rivalry from both the US and China.

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  • European lawmakers gather to vote at the European Parliament, July 6, 2022 in Strasbourg, eastern France (AP).
    European lawmakers gather to vote at the European Parliament, July 6, 2022, in Strasbourg, eastern France (AP)

To combat the rising industrial rivalry between the US and China, the EU is set to unveil highly disputed measures on Thursday to increase expenditure on clean technology, perhaps overcoming internal disagreements to include nuclear energy in the mix.

Brussels prioritizes green technologies, such as solar and wind, when it comes to additional funding and regulatory freedom in order to protect European enterprises.

Read more: EU considers 'war economy' in effort to rush ammo to Ukraine

As part of its environmental plan to achieve its goal of having a "climate neutral" economy with zero greenhouse gas emissions by 2050, the European Commission (EC), the executive branch of the EU, will issue draft guidelines for a Net Zero Industry Act.

A disagreement within the EC over whether the new measures should include nuclear power, a low-carbon energy source, prevented the plan from being made public on Tuesday. Up until the final minute, a contentious dispute was anticipated.

A second historic draft of legislation will also be presented on Thursday, and it intends to ensure the supply of essential raw materials needed to maximize the electrical products that customers use today, such as smartphones and electric vehicles.

Since the US revealed a $370 billion "buy American" subsidy package for tax credits and renewable energy subsidies known as the Inflation Reduction Act (IRA) last year, the manufacturing of green technologies became more necessary.

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European deindustrialization?

The European Union is on the path of threatening domestic battery production and investments as prospected Battery Regulations holding very strict criteria and standers might push manufacturers to relocate factories to the US, as it is adopting more lenient laws with increased funding.

According to a report published by Politico in January 2022, the United States, under the IRA, has been pouring cash into battery production lines and manufacturing technology, which challenges the union's attempts to "encourage battery production at home in Europe, something that's meant to be driven by the Batteries Regulation."

Later that month, the head of the Confederation of German Employers' Associations, Rainer Dulger, told the Welt am Sonntag newspaper that Germany might be up against the ropes by 2030, facing a massive understaffing of five million, and it will not be able to make up for the deficit due to the expected decrease in taxes.

"The number of employees would be reduced by 5 million people by 2030," Dulger said.

It is also worth mentioning that when the IRA was first announced, French President Emmanuel Macron was furious as he argued that the IRA subsidies were posing a major threat to French competitors. 

An AFP journalist reported he heard the French President tell US lawmakers and business people during a trip to Washington: "This is super aggressive for our business people." 

"You will perhaps fix your issue, but you will increase my problem," he said, referring to the IRA.

Read more: EU Parliament votes to phase out petrol engine car sales by 2035

  • United States
  • Inflation Reduction Act
  • Net Zero Industry Act
  • Green energy
  • France
  • European Commission
  • European Union

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