European Commissioner President von der Leyen says to introduce low carbon requirements for public procurement

• EU is well positioned to lower energy costs, and needs to do more to lower and stabilise process.
• Industry taxes on electricity are 15 times higher than on gas, and this is wrong and needs to change.

The announcement from European Commissioner President von der Leyen regarding low carbon requirements for public procurement signals a regulatory shift aimed at enhancing sustainability in the EU's procurement processes. This could lead to increased costs for compliance but may ultimately drive innovation in green technologies, impacting sectors reliant on public contracts. Watch for market reactions particularly in energy and utilities sectors, as adjustments in industry taxes might influence cost structures and profitability moving forward.