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Subsidy race to green transition? Think smarter

28.02.2023

Subsidy race to green transition? Think smarter

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The EU should focus on the ‘deal’ part of the Green Deal in backing EU industries with a range of actions to speed the green transition. This is instead of competing with US and China’s subsidy programmes, say EPP Group MEPs.

EU funding can help share risk and encourage private investment by:

  • Cutting regulatory red tape to build energy infrastructure.
  • Appointing an EU Green Deal Envoy to clinch quicker trade deals on critical raw materials.
  • Establishing a “War Room” in the European Commission to coordinate efforts.

Watch MEP Ehler, MEP de Lange, MEP Ferber, MEP Hansen and MEP Berendsen's video.

Committee: ITRE

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