Billions in aid only through cooperation

For strategically important industries, the Commission wants to allow up to 40 percent subsidies in Germany. However, if new factories want to receive the same support the IRA provides on US soil after being established, the Federal Republic would have to cooperate with at least two other member states.

When it comes to industrial support under the Green Deal Industrial Plan, the EU Commission wants to give priority to aid in the form of tax breaks. That’s according to the authority’s consultation for the Temporary Crisis Framework (TCF) amendment, which was made available to Table.Media on Monday. The Commission sent the internal document to member states earlier this month when it presented its response to the US Inflation Reduction Act (IRA).

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