hit tracker
Thursday, March 28, 2024
HomeLatest NewsSpain asks the EU to accelerate green investments in response to the...

Spain asks the EU to accelerate green investments in response to the US

Date: March 28, 2024 Time: 18:33:50

Spain has sent this Friday to the European Commission a proposal in which it requests the granting of fast lanes and letters of guarantee or the suppression of minimum thresholds to participate in projects of common interest, in order to accelerate investments in key sectors for the transition green as energy and thus confront the green subsidies law of the United States that the European Union (EU) considers discriminatory and unacceptable.

The document highlights that it would also be useful, for example, for Brussels to consider, for certain limits, the use of specific simplified forms, such as, for example, the way it proceeds with the Technical Support Instrument.

This is the contribution of the Spanish delegation to strengthen the competitiveness of European industry and speed up its green transition, which has been affected by the impact of the new US Inflation Reduction Act (IRA) with a package of 369,000 million of dollars in subsidies to promote investment in the United States.

The president of the Community Executive, Ursula von der Leyen, already raised during her speech at the Davos Economic Forum (Switzerland), the general lines of a European investment plan in “clean” industry as well as legislation for a “zero” fabric emissions” with “clear” objectives from 2030 that the heads of State and Government will address at the informal summit on February 9.

The Spanish document, with the reform of the electricity market as the main priority, proposes a series of concrete measures that help accelerate this type of investment so that the European industry does not fall behind other powers such as the United States or China and that for the granting of fast lanes, letters of guarantee or the exemption of minimum thresholds to participate in projects of common European interest.

In this sense, it highlights that this accelerated procedure must be provided for within the framework of national recovery plans and in key sectors that provide greater strategic autonomy, such as clean energy, semiconductors, electric vehicles or technology.

Spain and that it must be in force at least during the application of the funds of the Recovery and Resilience mechanism.

Regarding green financing, the document calls for a holistic approach to mobilize public and private investment through a package of key reforms and legislative files that are expected to mature under the next Spanish presidency of the Condasejo, in ad la segunsejo of the year

* This website provides news content gathered from various internet sources. It is crucial to understand that we are not responsible for the accuracy, completeness, or reliability of the information presented Read More

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.
RELATED ARTICLES

Most Popular

Recent Comments