The Commission has set out how it envisages industrial support under the Green Deal Industrial Plan – the EU’s response to the US Inflation Reduction Act (IRA) – in an internal paper available to Table.Media. According to the paper, the plan is to give preferential treatment to aid in the form of tax breaks. Particularly generous maximum rates are to apply to areas from European regional aid. Subsidies worth billions, comparable to IRA funding in the USA, are to be possible – but only under very specific conditions. Manuel Berkel gives an overview.