Europe's green industry must remain!
America’s Inflation Reduction Act (IRA) disadvantages the export of Europe’s green industry. Because it is no longer profitable for EU companies to export components for wind turbines and hydrogen technology to the USA, many companies are considering relocating to the United States.
We must absolutely prevent this. Otherwise, we could fall behind in the transition to climate-neutral energy production. Following the American model, the EU approved a multi-billion euro subsidy package on February 1, 2023. This so-called “Green New Industrial Deal” aims to save Europe as a green industrial location through faster planning and approval times. But is this step sufficient to stop the impending wave of emigration?
Is the race for subsidies beginning now?
The “Green New Industrial Deal” is our future response to the American IRA. However, a considerable journey remains until then: a race for subsidies is particularly anticipated among the poorer EU countries. The question of the origin of the required funds has also not yet been fully addressed. We therefore believe that there must be another way to act now to ensure Europe remains an attractive industrial location.
Storage of technology metals and rare earths as an investment in Europe as a business location
Some time ago, the German government came up with the idea of building up state stocks of critical commodities. In our view, this would be a mistake, as China would certainly respond with supply freezes and protectionist tariffs. The result would be exploding prices. A real alternative are private companies such as Noble BC. These buy technology metals and rare earths for private investors, store them and make the metals available to industry once they have been sold. This allows private individuals to participate directly in the green transformation. There are also attractive returns, including tax-free purchases and tax-free profits after one year of holding.
Would you like to learn more? Contact us!