EU regions, ‘more funds for automotive territories for transition’

“The European Union increases financial support to regions with a strong automotive industry”, as they are “among the most affected by the transition to a ‘net zero emissions’ economy”. This is what local and regional leaders meeting in Sibiu are asking for for the work of the Coter commission of the European Committee of the Regions, underlining that the importance of “developing a European strategy that guarantees a transition that is not only environmentally sustainable but also socially “. “For a just transition in our automotive regions, we need a cross-border mechanism at European level,” said the rapporteur of the opinion Minister of Economy, Tourism, Agriculture and Forestry of the State Saxony-Anhalt Sven Schulze, underlining how “not only budgetary measures are needed, but also a common transformation strategy” to “support science- and business-led cluster initiatives across Europe”. “It is not too late for the European automotive industry to remain globally competitive”, but “for that to happen, we must start now and bring all citizens with us”, added the German politician.

Source: Ansa

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