EU Competition Commissioner Margrethe Vestager wants to facilitate state aid for investments in low-carbon technologies in response to the US Inflation Reduction Act. To this end, she will propose a “Temporary Crisis and Transitional Framework,” Vestager wrote in a letter to the ministers of economics and finance of the member states on Friday, which is […]
In response to the US Inflation Reduction Act, the SPD parliamentary group is calling for a European investment offensive for future technologies. “To this end, unused funds from the EU reconstruction program ‘NextGenerationEU’ should be reallocated and, in particular, the energy investment program RePowerEU should be additionally strengthened,” reads a draft to be adopted at […]
$350 million for German solar producer Meyer Burger, $1.75 billion for Swedish battery hope Northvolt: these are the sums the companies could rake in thanks to the Inflation Reduction Act (IRA) if they opened a plant in the US – per year. “What would you do if you were the CEO of one of these […]
Anyone who wants to make a career in a public authority usually needs patience above all else. One step follows the other, grade after grade. It’s no different in a ministry than in the EU Commission.Things were different for Renate Nikolay. At the end of the 1990s, the lawyer started working for the German Federal […]
The EU Commission is expected to present its response to the US Inflation Reduction Act (IRA) on February 1. That’s according to the agency’s new agenda, published by digital media house Contexte. The proposals to strengthen the industrial base in climate-friendly technologies are to be discussed at a special summit on Feb. 9-10. Commission President […]
The transatlantic dispute over the Inflation Reduction Act has not yet been resolved, and another conflict is already brewing: In the USA, resentment grows over the EU Commission’s decision to give itself more leeway in reviewing planned corporate mergers. The local industry also voices criticism, as you can read in my Feature.The industry is also […]
Criticism of the EU Commission’s decision to extend its merger control powers is growing in the USA and the German business community. In a new position paper, the US Chamber of Commerce and the Federation of German Industries (BDI) accuse the Brussels competition regulators of creating considerable uncertainty for planned takeovers as a result of […]
Germany and France are in favor of promoting certain climate-friendly technologies in the EU in a similar way to the USA. German Economy Minister Robert Habeck and his French counterpart Bruno Le Maire presented a joint paper on Monday that is intended to drive forward the discussion on the European response to Washington’s Inflation Reduction […]
The dispute with Washington over the Inflation Reduction Act (IRA) could soon be settled. On Thursday in Brussels, High-ranking representatives of the US Treasury negotiated a compromise that addresses the concerns of European automakers in particular. Today, Friday, Treasury officials will be received by the Chancellor’s Office in Berlin and the Federal Ministry of Economics, […]
The member states were able to close some major construction sites in time for the EU summit: The EU ambassadors defused the dispute with Hungary over frozen funds, and in return Prime Minister Viktor Orbán cleared the way for financial aid to Ukraine and the implementation of the global minimum tax.Nevertheless, diplomats expect that Thursday’s […]