Leaked EU plan reveals response to US and Chinese green subsidies
by Jennifer Rankin in Brussels from US news | The Guardian on (#68CAX)
Draft plan to loosen state aid rules follows Joe Biden's Inflation Reduction Act and Chinese subsidies
The EU executive will loosen state aid rules and propose a new European sovereignty fund" later this year, in response to the controversial US Inflation Reduction Act and China's unfair" green subsidies.
A leaked European Commission plan underscores the global green subsidy race is under way, although EU member states remain divided on how to respond.
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