The European Commission on Wednesday issued recommendations to help EU countries design tax measures that can stimulate clean technologies and decarbonize their industry.
The measures include accelerated depreciation on clean technology investments, which would reduce firms’ initial tax liabilities, and tax credits in strategic sectors like the manufacturing of clean technologies and industrial decarbonization projects.
The recommendations are nonbinding, and EU countries can apply them as they like, or choose not to.
- They are a part of the so-called Clean Industrial Deal, a package of initiatives meant to assist carbon-intensive industries like steel and chemicals to decarbonize and remain ...
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