The upcoming week will see a focus on sustainable energy and electric cars, as the EU is set to unveil its Net Zero Industry Act on Tuesday, aimed at allowing homegrown green energy firms to provide 40% of the European bloc\’s capacity needs in five low-carbon technologies. The Act is seen as an effort to maintain ties with green tech companies in the face of the US Inflation Reduction Act, which has provided $369bn in tax credits and subsidies for clean energy technologies. Meanwhile, UK Chancellor Jeremy Hunt is set to deliver his Budget day speech on 15 March, with energy prices expected to be one of the key focuses. Alongside defense spending for Ukraine and encouragement for a return to work and childcare help, Hunt will also seek to address the limit on the price householders pay per unit of gas and electricity, which could increase from April 1. In other news, Volkswagen, one of the continent\’s largest carmakers, will report on Tuesday, Deliveroo will announce its full-year results on Thursday, and the John Lewis Partnership will publish its annual results on the same day.
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