T&E, EIES and RECHARGE Joint Statement on the Industrial Accelerator Act
AI-summarised brief · reviewed before publication
Transport & Environment (T&E), European Initiative for Energy Security (EIES), and RECHARGE have issued a joint statement urging the European Union to adopt a more assertive 'Made in EU' strategy for the Industrial Accelerator Act (IAA). The statement emphasizes the importance of a domestic European battery value chain to ensure energy and supply chain security, reduce dependencies on imported fossil fuels, and promote strategic autonomy and sovereignty. The organizations call for strong IAA provisions to create investment certainty and scale a domestic battery value chain.
💡 Why It Matters
- · Europe's failure to adopt a robust 'Made in EU' strategy could lead to a loss of its industrial base and increased strategic dependence on third countries, making it vulnerable to external pressure and critical mineral manipulation.