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

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.

In the short term, von der Leyen said EU members could, for example, draw on about 250 billion euros , much of it remaining from the EU's post-pandemic recovery fund. Some EU members have already expressed opposition to parts of the plan, notably the loosening of state aid rules and the prospect that bigger countries such as France and Germany would be able to outspend others.Longer term, the Commission will propose creating a European Sovereignty Fund to invest in emerging technologies.

Reuters you are on notice, all your people are paid. BY WHO?

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