EU Commission Proposes Industrial Accelerator Act on March 4, 2026
On March 4, 2026, the European Commission proposed the Industrial Accelerator Act (IAA), a regulation to accelerate industrial capacity and decarbonization in strategic sectors like energy-intensive industries (steel, cement, chemicals, aluminum), net-zero technologies, and automotive.[1][3][6][9] Key measures include "Made in EU" and low-carbon preferences in public procurement and funding, streamlined digital permitting with single access points and tacit approval timelines, designation of Industrial Manufacturing Acceleration Areas by Member States within 12 months, and conditions on large foreign direct investments (FDI) over €100 million from third countries controlling >40% global capacity (e.g., 50% EU employment, tech transfer).[1][3][4][5][6][7]