The European Commission's Industrial Accelerator Act (IAA) aims to boost domestic industry and reduce reliance on imports by promoting "Made in Europe" products through public procurement rules. The act includes low-carbon requirements for steel and cement but lacks a specific label for low-carbon steel, drawing criticism from some environmental groups. Exceptions for international investment in emerging sectors like batteries and solar were also seen as a significant concession. While the IAA is expected to strengthen Europe's economic resilience, critics argue that it needs stronger measures to ensure genuine industrial decarbonization.
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