New EU Framework Would Speed Up State Aid Process, Vestager Says
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New EU Framework Would Speed Up State Aid Process, Vestager Says
The EU is preparing to issue a document on a temporary crisis and transition framework in response to the Green Energy Tax Credits in the IRA. The European Commission will issue a proposal to make the framework "broader and more comprehensive" or to simply "convert" it into a crisis and transition framework. The EU wants to increase the thresholds of their regulation to allow member states more leeway in designing aid that fits their national needs, like, a temporary response to the IRA to boost the sectors of the green transition which are at risk of relocating, in order to lure and retain companies.
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