What's new

First introduced in the January 2025 Competitiveness Compass, the Industrial Accelerator Act (IAA, originally Industrial Decarbonisation Accelerator Act) is intended to counteract the decline of Europe’s manufacturing sector. To this end, the IAA promises to expedite permit granting processes for manufacturing projects, introduce preferential treatment mechanisms for European-made and low-carbon products, and facilitate Single Market access, with the goal of reducing the risks of strategic dependencies, creating new jobs in the sector, and overall ensuring that manufacturing reaches a value of 20% of the GDP of the EU by 2035.