Strict ESG Rules Undermine Europe's Industry Competitiveness

The European Union has the world's most rigorous Environmental, Social and Governance (ESG) regulations and the most ambitious decarbonization and net-zero targets. But the EU's approach to ESG rules and reporting has too many sticks and few carrots for businesses. European companies are suffocating under numerous EU directives and national laws in bureaucracy that are undermining Europe's competitiveness in many industries, including in green and climate technology.  The ESG rive has been much stronger in Europe than in the United States,…