EU cloud sovereignty law could cost Europe €115bn, US tech lobby study says
The European Commission’s own upper estimate for its cloud sovereignty law was €18bn. The ECIPE study does not count the security or resilience benefits the law aims to bring.
Via TNW | Government-policy
The EU’s proposed cloud sovereignty law, the Cloud and AI Development Act (CADA), could cost Europe €115bn over ten years. That is the central estimate in a study by the Brussels think tank ECIPE. CCIA Europe, a lobby group whose members include Amazon, Google and Meta, paid for it.
Matthias Bauer, the author, calls the figure “economic exposure” from 2027 to 2036. It is the central of three scenarios. The narrow scenario comes to €35.6bn and the broad one to…
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