EU’s green tech funding plan divides bloc over global subsidy race
The EUs new greentechfunding plan has sparked concerns about an escalating global subsidy race. The initiative was launched in response to the USInflation Reduction Act. The incentives have triggered fears that EU companies will be enticed to redirect investment and production to the US. Critics claim the measures amount to protectionism that violates existing trade agreements. 40% off TNW Conference! Europeis determined to lead the clean tech revolution. The measures have been largely welcomed by German and French politicians but not everyones a fan....