Economics
EU must put its money where its mouth is on Green Deal
US president Joe Biden’s Inflation Reduction Act should prompt Europe to switch its rules on state aid and subsidise clean-tech industries that will drive decarbonisation
The new guiding mission of the European Union is to become climate neutral by 2050, and to reduce greenhouse gas emissions by 55 per cent by 2030. To deliver this gigantic task of decarbonisation requires nothing short of a revolution in how we power our industrial systems, energy systems, food systems, buildings and transport systems.
To deliver this mission and achieve net zero, the EU has a detailed legislative and policy plan called the European ...
