The European Union has unveiled a roadmap for how it plans to keep its industries competitive as the bloc tries to catch up to the US and China, which offer huge subsidies to domestic green technologies.
The European Commission wants to use its Green Deal Industrial Plan to boost national support for companies through investment aid and tax credits, while also tapping into common European funds to underwrite important projects involving sectors such as hydrogen ...
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EU's green industry plan to counter US, China subsidiesCommission President Ursula von der Leyen has announced a loosening of EU state aid rules, a repurposing of existing EU funds, faster approval of green projects and drives to seal trade deals to secure supplies of critical raw materials.
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