With the #EUGreenDeal and the #InflationReductionAct, the EU and the US are modernising their economies and addressing climate change, the biggest challenge of our time.
Yet the IRA is also raising concerns in Europe ↓ https://n.respublicae.eu/i/broadcasts/1ynJOamWmawKR
🐦🔗: https://n.respublicae.eu/vonderleyen/status/1599389685973123084
We welcome fair competition.
It can push both our industries to excel, innovate and transform faster.
But it has to respect the level playing field.
It is critical that the 🇪🇺🇺🇸 tech competition is a race to the top for our industries on both sides of the Atlantic.
🐦🔗: https://n.respublicae.eu/vonderleyen/status/1599417067056549888
The EU is in a strong position to compete on global markets.
And #NextGenerationEU accelerates the #EUGreenDeal
But to keep up in the clean tech race, we need to do our homework in Europe and rebalance the playing field where the IRA and others create distortions.
🐦🔗: https://n.respublicae.eu/vonderleyen/status/1599418297484967936
We need to focus on:
• Adjusting our State Aid rules
• Further 🇪🇺 funding for the transition, with a boosted #REPowerEU and a Sovereignity Fund
• Working with the US to address the most concerning aspects of the IRA
🐦🔗: https://n.respublicae.eu/vonderleyen/status/1599418618667995136