European Commission urged to move faster in response to huge US subsidies for clean technologies
EU clean technology companies are attracting far less investment than their American counterparts, according to reports—a year after US president Joe Biden signed off billions of dollars in subsidies for green industries.
A total of €8 billion has been invested in EU-based clean technology startups in the year since the Inflation Reduction Act came into force, compared with €19.9bn invested in the US, according to data from the industry group Cleantech for Europe reported by the Financial Times.
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