Summit calls for simpler state aid proce • Table.Briefings

The heads of state and government agree that the approval processes for state aid for climate-friendly technologies should become faster and more predictable. In this way, they want to preserve Europe’s competitiveness. Initially, there will be no new EU funds for this purpose, but existing funds will be used more flexibly.

In response to the US Inflation Reduction Act (IRA), the EU focuses on a targeted relaxation of state aid rules for climate-friendly technologies. The procedures for state aid should become „simpler, faster and more predictable,“ according to the EU summit’s final declaration. Subsidies and tax breaks for green industries should be „targeted, temporary and proportionate,“ it said. This should prevent distortion of competition and safeguard the internal market.

Summit calls for simpler state aid procedures

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