EU to adapt state aid schemes in response to U.S. subsidy package – von der Leyen By Reuters
Economy 20 minutes ago (Dec 04, 2022 14:05)
© Reuters. FILE PHOTO: European Commission President Ursula von der Leyen attends the European Parliament plenary session in Brussels, Belgium November 9, 2022. REUTERS/Yves Herman
BRUSSELS (Reuters) – The EU will adapt its own state aid rules to prevent an exodus of investment triggered by a new U.S. green energy subsidy package, the bloc’s chief executive said on Sunday.
“Competition is good… but this competition must respect a level playing field,” European Commission President Ursula von der Leyen said in a speech in the Belgian city of Bruges.
“The (U.S.) 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.
EU to adapt state aid schemes in response to U.S. subsidy package – von der Leyen
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