EU to lay out green industry plan to counter U.S., China subsidies

Commission President Ursula von der Leyen is expected to announce a loosening of EU state aid rules, a, faster approval of green projects and drives to boost skills and to seal trade agreements to secure supplies of critical raw materials.

The plan is partly a response to multi-billion-dollar support programmes of China and the United States, including the latter's Inflation Reduction Act. Many EU leaders are concerned that the local content requirements of its $369 billion of green subsidies will encourage companies to relocate, making the United States a leader in green tech at Europe's expense.

The International Energy Agency estimates the global market for mass-produced clean energy will triple to around $650 billion a year by 2030, with related manufacturing jobs more than doubling. The European Union wants a part of the action.

Wind turbines and solar panels that can't provide the energy produced by coal or nuclear power plants, besides becoming land waste because the materials are not recyclable!!!

So these stone age colonialists don't have plans of their own, they only counter someone else's plans

Hurry up.

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