EU leaders agree targeted, temporary support for green industry - BusinessWorld Online

  • 📰 bworldph
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 68%

United States News News

United States United States Latest News,United States United States Headlines

European Union leaders agreed on Friday they should allow 'targeted, temporary and proportionate' support to ensure Europe's future as a manufacturing base for green tech products and counter US and Chinese competition.

THE MAIN entrance of the European Union Commission headquarters is seen in Brussels July 1, 2013. — REUTERS

EU leaders have expressed concern that local content requirements of much of the $369 billion of subsidies in the IRA have will encourage companies to abandon Europe for the United States. The International Energy Agency estimates the global market for mass-produced clean energy technologies will triple to $650 billion a year by 2030.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 9. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines