'Discriminatory' measures in Inflation Reduction Act still need addressing, top EU minister says
Dombrovskis also said they were looking to adjust the EU's strict state aid rules to allow member states to provide more support for companies aiding the green transition, as previously called for by European Commission President Ursula von der Leyen.
"But there of course we need to be carefully framing it to maintain a level playing field within the EU single market," Dombrovskis said. Ireland's Finance Minister Michael McGrath told CNBC Wednesday the EU wanted to avoid a "subsidies race" with the U.S., and that any changes to state aid rules must not benefit countries with the "means and resources" to provide greater support to companies than others.the EU could learn lessons from the IRA.
"We need to reform some internal aspects of our industrial policies such as state aid, reducing bureaucracy and trying to send a message for the industry worldwide that's it's Europe, and of course Spain, that is a good place to locate," he added.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Davos 2023: U.S. Inflation Reduction Act hailed as a game changer for climateThe head of the International Energy Agency (IEA) said on Tuesday that new legislation by the United States aimed at combating domestic inflation was the most important climate agreement since the Paris Accord.
Read more »
IEA chief lauds U.S. Inflation Reduction Act as most important climate agreement since Paris accordSpeaking on the same panel, Occidental Petroleum CEO Vicki Hollub described the IRA as one of the most transformative bills in the world.
Read more »
Al Gore says Inflation Reduction Act mainly climate change billFormer Vice President Al Gore said the Inflation Reduction Act is mainly a climate change bill during a panel discussion.
Read more »
EU's Gentiloni: Very good partnership with the US but we must support our competitivenessIn response to the US’ 'Inflation Reduction Act' (IRA), European Commissioner for Economy Paolo Gentiloni said on Tuesday that “we have to strengthen
Read more »
Walgreens ends online purchase limits for pediatric fever reduction productsWalgreens has lifted an online purchasing limit for pediatric fever reduction products, which had previously been imposed during the height of the cold and flu season, the company announced Monday.
Read more »
Column: GOP's deficit reduction is a cynical performative gestureThe House Republicans aren't new deficit hawks. They aren’t opposed to racking up debt; they just want to be the ones doing it, writes JonahDispatch. (via latimesopinion)
Read more »