EU chief unveils ‘Green Deal Industrial Plan’ to head off US and China challenge

EU Commission President Ursula von der Leyen delivers a speech at the World Economic Forum in Davos (Markus Schreiber/AP)

The European Union has revealed details of a major clean tech industrial plan in a bid to keep the continent in the vanguard of plotting a greener future and ensure its economic survival in the face of challenges from China and the United States.

European Commission President Ursula von der Leyen presented the outlines for her “Green Deal Industrial Plan” that will make it much easier to push through subsidies for green industries as the EU pursues the goal of being climate neutral by 2050.