The European Union unveiled a roadmap for how it plans to keep its industries competitive as the bloc tries to catch up to the US and China, which offer huge subsidies to domestic green technologies.
The European Commission wants to use its Green Deal Industrial Plan to boost national support for companies through investment aid and tax credits, while also tapping into common European funds to underwrite important projects involving sectors such as hydrogen and quantum computing, according to the proposal presented on Wednesday.
Ursula von der Leyen on Feb. 1.
Photographer: John Thys/AFP/Getty Images
The plan, which the EU’s 27 leaders will discuss next week, is a response to ...
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