UPDATE – State aid to bridge gap to more permanent EU green funding -von der Leyen 

Published 16:14 on February 1, 2023  /  Last updated at 00:18 on February 2, 2023  /  EMEA, EU ETS  /  No Comments

Increased EU state aid will be used as a “bridge” to help fund the bloc's decarbonisation efforts up to 2025 until a sovereignty fund is established, European Commission President Ursula von der Leyen said on Wednesday, setting out a plan to compete with the US and China in clean manufacturing.

(Adds details about free carbon allowance allocation, public procurement, more reaction)

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