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374 EU extends crisis state aid rules to prevent green tech firms from leaving

The Next Web
Ioanna Lykiardopoulou @ The Next Web 1 place · 03/10/2023 11:24 EDT

EU extends crisis state aid rules to prevent green tech firms from leaving

The EU Commission is extending the relaxation of state aid rules to prevent green tech firms from relocating abroad and enable the bloc’s transition to a net-zero economy. The rules around national subsidies had already been amended in 2022 as a response to Russia’s war on Ukraine, seeking to enable member states to more easily finance struggling companies and energy production in Europe. Now, rising concerns about an escalating global subsidy race have pushed the EU to further prolong this temporary crisis

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