EU Loosens Aid Shackles to Counter US Clean-Tech Subsidies (1)

The European Union unveiled measures to relax its state-aid regime and boost the bloc’s clean-tech industry in response to a US climate law that provides generous subsidies.

Changes to temporary state-aid rules will allow governments to match funds offered by foreign nations under certain restrictions while continuing to allow EU countries to “cushion the impact of the current crisis in Europe,” the European Commission said Thursday.

The new measures allow governments “to give state aid in a fast, clear and predictable way,” EU Antitrust Commissioner Margrethe Vestager said in the statement. They “enable member states to accelerate net zero investments ...