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How Much Could the US Inflation Reduction Act Cost Europe? journal article

Eszter Hargita, Filip Puzder, Péter Staviczky

European State Aid Law Quarterly, Volume 22 (2023), Issue 3, Page 242 - 266

The Inflation Reduction Act (IRA) was introduced in the US in August 2022, aiming to promote investments into clean energy production. The IRA provides huge amount of aid, which can have a draining effect of green investments vital for the green transition of the European economy. In response, the Commission adopted Temporary Crisis and Transition Framework (TCTF) in March 2023. As well as explaining the historical context and content of these subsidy-rules, this article makes an attempt to compare the subsidies available under the IRA and the TCTF, considering the maximum aid amount available under the regional aid guidelines. Keywords: Inflation Reduction Act; IRA; subsidy competition; incentive effect; operating aid; battery manufacturing; tax credit


State Aid Control in Hungary journal article

Eszter Hargita, Zsuzsanna Remetei Filep

European State Aid Law Quarterly, Volume 3 (2004), Issue 4, Page 6

The candidate countries established their Monitoring Authorities in the 1990s to implement the State aid provisions under the Europe Agreements. These new bodies also had to organise and promote the preparation of their countries for accession; these tasks have been fulfilled. However, the work of the Monitoring Authorities has not yet ended. Following EU membership, new tasks are emerging. I. Situation before accession In order to fulfil their obliga

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