New EU regulation to fund green industry will counter risks of relocation due to foreign subsidies
Morgan Stanley| According to a Bloomberg report, the German chancellor and his party will ask the EU to create a joint financing system to help compete against green energy subsidies in the US. The article also referred to increased subsidies for batteries, green hydrogen, and increased deployment of clean/green technologies. A positive market reaction is expected, especially from stocks benefiting from a European version of the Inflation Reduction Act to…