Faced with energy and defense realities in the wake of Russia’s attack on Ukraine, it has become a flashpoint for competing priorities within the EU: the Green Deal’s draconian climate action on one hand, and economic competitiveness on the other. The promise of CS3D was always predicated on the notion that Europe, and multinational businesses, could afford to bear the cost of being the world’s climate conscience. Thus, CS3D, by its very design, incentivizes a shift away from material production—the factories, smelters, refineries, and manufacturers that form the backbone of the European economy—toward a white-collar managerial economy, redirecting capital from the business of “building things” to the business of auditing, accounting, and legal compliance.
Author: RealClearWire
Published at: 2025-10-05 19:44:26
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