HomeOtherEU mulls loosening state aid rules in response to U.S. green subsidies

EU mulls loosening state aid rules in response to U.S. green subsidies


Javier Espinosa and Sam Fleming report from Brussels and Kiruna

Brussels has begun reviewing its state aid rules. Some member states are now pushing for far-reaching measures to boost support for key industries in response to recent green subsidy legislation in the United States.

In a letter to member state ministers on Friday – seen by the Financial Times – EU Competition Commissioner Margrethe Vestager said that “Europe’s competitiveness “Facing multiple challenges, including responding to the U.S. Inflation Reduction Act (Inflation Reduction…

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