On 4 March 2026, the European Commission formally adopted the Industrial Accelerator Act. At its core is the creation of “Green Lead Markets”, requiring public bodies to allocate at least 25% of their procurement quotas for steel, cement, vehicles and construction services to low carbon products, rising to 50% by 2029. The Act also simplifies permitting for new or expanded clean technology production facilities, capping approval times at nine months (compared to 24+ months previously).