Ewa Krukowska of Bloomberg reports on the pushback that green policies are facing in Europe.
- The EU’s push to implement its Green New Deal is facing pushback from consumers and businesses.
- Supply chain backlogs and Russia’s invasion of Ukraine have increased Europe’s already high cost of living and made expensive green policies more pricey.
- These failed top-down government mandates have made climate action untenable for voters and could hamstring progress in the future.
- The U.S. should learn from Europe’s mistakes and implement pro-growth policies that are good for consumers, the environment, and the economy.
“Investors need ‘a business case and not prescriptive regulations,’ said Martin Brudermueller, chief executive officer of Germany’s BASF SE and president of the European chemical industry association Cefic. ‘Regulations in Europe are complicated, lengthy and they are not providing the incentives that would encourage you to invest.'”
Read more here.
The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.
