The EU's Green Deal Faces Criticism Over Corporate Windfall and Greenwashing Crackdown

The EU's Green Deal Industrial Plan (GDIP) is a flawed policy of corporate handouts that props up already huge corporate profits with public budgets, instead of one based on a collective debate about social and ecological needs that could determine Europe's strategic industrial interests. The plan is centered on products like batteries, solar, windmills, biofuels, and hydrogen or carbon capture, and storage technologies that are inefficient, costly, unrealistic at scale, and causing damaging social and environmental impacts, but which work well for increasing the profits of large corporations. The GDIP offers no democratic revamp of industrial policy able to meet societal needs like quality jobs, public transport and services, and access to affordable renewable energy.