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Biden's IRA plan: the Twenty-Seven show a common front

2023-02-10T17:09:28.366Z


DECRYPTION - Member States say they are ready to relax state aid rules in the face of competition from the United States.


Brussels

The discussions promised to be difficult on a divisive subject.

The Twenty-Seven however found Thursday evening a fairly united course of action on the response to Joe Biden's climate plan which provides for 370 billion dollars in subsidies for the energy transition.

And that, without a rat race.

Taking up the proposal of the President of the Commission, Ursula von der Leyen, they agree to immediately relax the rules on state aid.

As Paris and Berlin wish, notably with new tax credits for “green” companies.

With the IRA, it's a five-year tax credit that falls each year.

We will be able to do the same thing

, ”rejoiced Emmanuel Macron.

Read alsoEurope's response to Biden's IRA plan: Italy stands out from Paris and Berlin

They will also speed up permits to build production sites.

Paris, on the other hand, did not win the case on the project for a new European loan, its partners not wanting to hear about it at this stage.

But 250 billion euros from the current recovery plan…

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Source: lefigaro

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