Portugal pushes for fair distribution of green tech subsidies
Portugal's finance minister warns against creating competition between small and large EU states.
This week Portugal's finance minister warned that the EU's response to the US stimulus package for green tech should use financing instruments that ensure equality between all member states.
In ... Read more
EC chief announces Net-Zero Industry Act to counter US green subsidies
The European Commission will introduce a series of clean tech objectives for 2030 under the auspices of a proposed 'Net-Zero Industry Act', according to a report in POLITICO.
The announcement was made by EC President Ursula von der Leyen at the World Economic Forum in Davos on Tuesday.
The p... Read more
EU plans massive industry subsidy fund to compete with the US
Two senior EU officials told POLITICO that the union is "in emergency mode". They confirmed that the bloc is preparing to offer massive subsidies to prevent European organizations from being overshadowed by US competitors.
It seems that the US has dealt their supposed EU allies a 'one-two punch... Read more