The green and digital transformation of industry was one of the central issues in the German election campaign. However, many fundamental decisions on industrial policy can only be taken at the European level. The new German government must therefore turn its attention to Brussels as soon as possible and provide answers to specific questions: How can an investment-oriented industrial policy be organized in the single market? What European regulatory framework does the transformation of European industry to climate neutrality require? And finally, how much geopolitics can European industrial policy take?