The solar industry has migrated to China. The wind power industry could soon follow. And the battery industry has remained in Asia from the start. Because development and production is faster and cheaper elsewhere, know-how is being lost in Europe and jobs are disappearing. 200,000 jobs in the last 15 months alone.

How good that the European Commission has recognized this increasingly disastrous situation and wants to turn it around. From currently just 14 percent, the share of industry in Europe is expected to grow back to 20 percent within ten years, according to the recently presented Industrial Accelerator Act. Nice prospects, they are even talking about a “new doctrine” in Brussels.