This is how the Commission is responsible for the US and China: State aid and 100 billion for clean industry

Under the leadership of the new Commission, the previous Green Deal has changed to support the Clean Industrial Deal. The change has been made to make the EU in a fierce competition against the United States and China.

Chairman Ursula von der Leyen admitted on Wednesday that due to current EU activities, some European investments have moved to other countries.

“We know that too many obstacles are still on the path of our European companies, from high energy prices to an excessive regulatory burden.”

According to von der Leyen, the purpose of the Clean Industrial Agreement is to break the obstacles that companies have when they have not invested in Europe.

The package made on Wednesday on Wednesday includes, among other things, the new EUR 100 billion fast support, “” CO2 Reducing Bank “.

It allows the Commission to promising more than EUR 100 billion to promote clean production in the EU at a rapid pace.

The money is intended to be raised from a variety of sources, such as the existing Innovation Fund, the Investu program review and the emissions trading system.

Part of the amount consists of enabling better risk of public and private investments.

At the same time, the European Investment Bank (EIP) will also launch new financial instruments to support clean industrial projects.

More state aid

The Commission’s toolkit also includes a new pure industry support frame.

According to the Commission, it enables the simplified and faster approval of state aid measures to introduce renewable energy, reduce industrial carbon dioxide emissions, and ensure sufficient manufacturing capacity of clean technology.

The leading expert of the Confederation of Finnish Industries, Paul KukkonenAccording to, most of the current state aid outpatients go to a few major Member States, and the rest of the EU countries will be worried about possible competition distortions.

According to Kukkonen, it would be natural for the continuation of state subsidies for only two years, until the next budget framework (MFF 2028-2034) will be concretized.

“Now, however, the flexibility would be continuing at one time in five years, until 2030,” says Kukkonen.

According to an EK expert, there is also a risk that the reforms in the EU will result in a “confusing and partly overlapping entity”.

“You have to be careful here. For all of the above, and regardless of the national influence goals, Finland must prepare to make use of flexibility according to what is possible, ”says Kukkonen.

Juta edited at 3 pm Added comments from EK Kukkonen.