EU to adapt state aid schemes in response to U.S. subsidy package - von der Leyen
- Country:
- Belgium
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.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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- U.S.
- European Commission
- Bruges
- Belgian
- Ursula von der Leyen
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