BERLIN, Dec 9 (Reuters) – Germany wants a joint European response to the U.S. Inflation Reduction Act that would involve simplifying rules on state support and expanding funding opportunities, according to a German economy ministry document seen by Reuters on Friday.
The European Union could set up a programme to promote green technology by combining various funding elements to avoid budget constraints: the Innovation Fund could increase support for large-scale projects for clean technologies, for example, or the European Investment Bank (EIB) could take on more risk through guarantees, it said.
The ministry document also suggests member states could anchor sustainability criteria more firmly in public tenders at the national level as well as extend or increase traditional subsidy programmes, but warned against local content requirements which favour domestic industry.
These would not only likely contradict World Trade Organization…
