The European Union presents the "Green Industrial Plan" (analogous to the US Green New Deal) designed to "ensure the EU's clean technological leadership in the green industry".
It is a socialist-oriented program that aims to plan the relocation and redeployment of numerous industries associated with clean energy, including million-dollar subsidies for selected countries, protectionist clauses, and a higher projected fiscal deficit for the coming years.
The Socialist MEPs' draft focus on allocating resources to solar and wind energy, heat pumps, and "green batteries".
Clearly, these industries' development and geographical location will not come from a market allocation. . .
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