EU plans to loosen state aid rules to boost renewablesinvestment
|61d 5h 46min EU plans to loosen state aid rules to boost renewablesinvestment|
Proposed use of tax credits follows pressure to respond to Biden’s $369bn green subsidy scheme in US
The EU is stepping up its green subsidy race with the US through plans to loosen state aid rules on tax credits for renewable energy projects.
European policymakers have been under pressure to respond to the US president Joe Biden’s $369bn (£298bn) Inflation Reduction Act, which aims to encourage renewables investment in everything from electric cars to wind turbines.... Read more