The European Commission is seeking support from heavy industry sectors to back a 'Made in Europe' component in upcoming legislation aimed at reviving struggling industries against competition from China and the US. The Industrial Accelerator Act (IAA) is intended to boost decarbonisation while maintaining competitiveness. Critics warn it could undermine the EU's single market. Discussions on criteria and financing are ongoing, with industry leaders advocating for increased domestic production and financial support. The IAA is set to be presented on January 29. Teljes cikk (Euronews.com)