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Itre approves industrial policy

The committee on industry, research and energy has approved plans aimed at reinvigorating industrial growth and sustainability through a strategy presented by the Green party.

In a vote on 28 November, a majority of the committee approved the Renaissance of Industry for a Sustainable Europe strategy, which was written by Reinhard Bütikofer, a German MEP for the Greens.

The strategy focuses on industrial policy, which the committee said was essential for economic growth and competitiveness. It must address the “comparative weaknesses” in EU R&D investment and the development of energy prices. The strategy is also supposed to reduce bureaucracy and difficulties in access to finance.

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