Teresa Ribera

The EU will stick to its world-leading climate goals, the bloc’s economic competitiveness tsar has vowed, even as it prepares to water down some of the green policies to placate the bloc’s ailing industry. The EU’s Green Deal was launched in 2019 but has since come under assault from European companies complaining of high energy prices and stifling overregulation. Capitals are also concerned about moribund economic growth, while Donald Trump’s bonfire of US climate goals has increased calls for the bloc to rethink its entire approach. …European Commission VP Teresa Ribera set out the Commission’s plan for how to find that balance between sticking to climate goals and improving the continent’s flagging competitiveness. She promised to mobilise more than €100bn to support clean manufacturing. Another area of action will be to drastically cut the number of small and medium companies affected by existing environmental regulations.

Additional coverage:

• Associated Press: EU executive plans a major reset of economy as critics fear climate will suffer
• Phys.org: EU vows to slash red tape but stick to climate goals