The European Union wants to make short-term agreements with the United States on access to climate subsidies previously announced by the government of President Joe Biden. European Commission President Ursula von der Leyen will be in Washington next week.
This was reported by the Bloomberg news agency. Biden recently announced hundreds of billions of dollars in grants and tax breaks to help U.S. industry accelerate the clean energy transition.
Resistence
This has led to resistance in the European Union, because state aid threatens to disadvantage European industry. The European Commission would now be targeting deals that would also allow EU member states, as a free trade partner of the US, to gain access to a range of these support measures.
Von der Leyen and Biden will try to reach agreements in principle next week on, among other things, access to strategically important raw materials, the labor market and sustainability. This could give the EU a status equivalent to that of a free trade partner of the US, so that member states are also eligible for climate subsidies.
Discriminatory
Last month, European Commissioner Valdis Dombrovskis already said that the US is willing to grant the EU such status. This would help remedy the “discriminatory aspects” of the Inflation Reduction Act, as Biden’s billion-dollar subsidy bill is called.
Source: BNR
Sharon Rock is an author and journalist who writes for 24 News Globe. She has a passion for learning about different cultures and understanding the complexities of the world. With a talent for explaining complex global issues in an accessible and engaging way, Sharon has become a respected voice in the field of world news journalism.
