The European Commission's proposal for an Industrial Accelerator Act is intended to strengthen the EU's industrial competitiveness, stimulate decarbonisation, and reduce strategic supply-chain dependencies.
To achieve these objectives, the proposal intervenes in several regulatory frameworks, in particular public procurement and foreign direct investment screening related to certain strategic sectors. In a two-part series, we highlight the most important measures affecting these regulatory frameworks.
Key insights
- Mandatory low carbon and EU origin thresholds for public procurement
- Procurement of steel, concrete and mortar, and aluminum products, as well as EVs targeted
- Minimum requirements verified via 'self-declaration' but its form and breadth remain unclear