Draghi Report: How the EU wants to combine climate action and competitiveness

In a report for the EU Commission, former ECB chief Mario Draghi complains that the EU is falling behind in competition with the USA and China. He sees an opportunity in decarbonization – provided Europe cleverly aligns its policies accordingly. Among other things, Draghi calls for lower energy prices and targeted support for energy-intensive sectors and the automotive industry.

Last updated: 24. July 2025