UK Business

EU poised to copy US subsidies for green technology – new evidence from China shows how it could backfire

Written by Jun Du, Professor of Economics, Centre Director of Centre for Business Prosperity (CBP), Aston University

There's a reason why the west has long avoided state aid. Shaun Dakin/Unsplash

The EU is preparing to abandon its longstanding restrictions on state aid to take on US and Chinese subsidies over green technologies. European Commission president Ursula von der Leyen is spearheading a new commitment from EU leaders to “act decisively to ensure...

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