green new deal europe

green new deal

EU seeks to emulate one of IRA’s advantages, simplicity of access, by streamlining green investment tax credits

Banco Sabadell: According to press reports, the EU plans to respond to the US $369 billion (€340 billion) Inflation Reduction Act (IRA) by relaxing state aid rules on tax credits for green investments. A portion of the €800 billion NGEU fund could also be directed towards tax credits. By relaxing restrictions on tax credits, the EC seeks to emulate one of the advantages of the IRA, simplicity of access. The…

Green economy

Green New Deal: Spaniards behind the EU global green struggle (III)

Alexandre Mato (Brussels) | At a time when in the US the young Congress woman Alexandria Ocasio-Cortez supports a green New Deal as “an umbrella for a combination of policies and programmes which moves America away from fossil fuels and causes the country to slow the climate crisis”, in the words of Varshini Prakash, co-founder of the Sunrise Movement, an organisation driving this economic policy, the EU is taking firm steps in the ecological transition.