EU responds to US Green Deal by relaxing state aid rules
The European Union will allow members to offer subsidies that match those offered by the US Inflation Reduction Act to prevent an exodus of businesses.
The European Union will allow members to offer subsidies that match those offered by the US Inflation Reduction Act to prevent an exodus of green energy projects. The White House's $369 billion initiative has been criticised by many countries, which fear it could attract local companies to move across the Atlantic.
Roger Hearing discusses this and more business news with two guests on opposite sides of the world: Stefanie Yuen Thio, joint managing partner at TSMP Law in Singapore, and Tony Nash, chief economist at Complete Intelligence in Texas.
(Picture: A worker installs solar panels on the roof of a farmstead barn in Germany. Picture credit: Reuters)
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