EU to adapt state aid schemes in response to US subsidy package - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

📆 2022-12-04 21:22:00

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The European Union will adapt its state aid rules to prevent an exodus of investment triggered by a new US green energy subsidy package, the bloc’s chief executive said on Sunday.

European Commission President Ursula von der Leyen attends the European Parliament plenary session in Brussels, Belgium November 9, 2022.European Commission President Ursula von der Leyen attends the European Parliament plenary session in Brussels, Belgium November 9, 2022.

“The Inflation Reduction Act should make us reflect on how we can improve our state aid frameworks and adapt them to a new global environment,” she added.

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