In a recent address at the annual assembly, Emanuele Orsini, president of Confindustria, emphasized the urgent need for a robust European industrial policy. Highlighting the significant challenges ahead, Orsini criticized the current Green Deal, pointing out its numerous flaws that jeopardize the industry.
Key Points
Orsini stressed that the pursuit of decarbonization at the expense of deindustrialization is a major failure. He cited the European electric car market, which is increasingly dominated by China, as a clear example of this issue. The Italian automotive sector, once renowned for producing the world’s most beautiful cars, now faces a bleak future despite significant investments in emission reduction.
ETS and Financial Speculation
Orsini also criticized the European Emissions Trading System (ETS), arguing that it has enabled financial speculation on the environmental transition, driving CO2 prices out of the global market. He called for an urgent overhaul of the ETS to prevent further damage to key industries such as steel, cement, metallurgy, ceramics, and paper.
Call to Action
Confindustria is now relying on the continuous presence of the Italian Government in Brussels, the collective efforts of MEPs from all political backgrounds, and closer cooperation with other European business organizations. Orsini urged for a united front to help the European Commission adopt realistic strategies and financial measures to enhance competitiveness during major transitions.
Conclusion
Orsini’s call for a change in the EU’s approach underscores the critical need for a solid industrial policy to safeguard the future of European industries. By addressing the flaws in the Green Deal and the ETS, Europe can better navigate the challenges ahead and ensure sustainable growth and employment.
