Calling for stronger lead market provisions in the Industrial Accelerator Act
Green public procurement can create low-carbon lead markets and generate demand signals to mobilise project investments. Yet, the proposed quotas in the IAA fall considerably short of this ambition.
That is why – together with research organisations, think tanks and civil society – we are calling for stronger and more comprehensive lead market provisions under the Industrial Accelerator Act (IAA). The proposed quotas set at 25% for steel and 5% for concrete equate to just 1.6% and 1.5% of EU demand, respectively.
Fixed quotas do not reflect the expected growth of low-carbon materials required to meet EU emission reduction targets. To have a real impact, the quotas must increase progressively. Without a progressive increase in quotas, the proposal risks leaving committed supply stranded and failing to provide the demand signals required to unlock further investments.
Read on in our joint letter.
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