"In today’s world, where Europe is accelerating its green and digital transformations and where other parts of the world use aggressive policies, with some playing outside of the rules, Europe needs to act more strategically. The industrial ecosystems and strategic value chains like batteries, hydrogen or the Internet of Things will be key to pool public-private finance and bring new technologies to the market", BusinessEurope President Pierre Gattaz stressed at a meeting with European Commissioner for Internal Market Thierry Breton and Markus J. Beyrer, Director General of BusinessEurope. The meeting took place one day after the Commission published its new industrial strategy. In the context of the Green Deal, which BusinessEurope supports, Beyrer emphasised the importance of addressing the risk of carbon and investment leakage in order to maintain Europe’s attractiveness as a business location in the long run. To this end, strengthening our existing tools to tackle carbon and investment leakage is essential. Lastly, President Gattaz underlined the importance of taking action urgently to respond to the economic consequences of the current COVID-19 situation in a spirit of responsibility and solidarity.