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The EU Green Deal Industrial Plan: journal article

Did the EU Just Avert a Revolution in State Aid Law?

Valentine Lemonnier

European State Aid Law Quarterly, Volume 22 (2023), Issue 2, Page 123 - 131

On 1 February 2023, the President of the European Commission Ursula von der Leyen presented the Green Deal Industrial Plan for the Net-Zero Age. With this plan, the European Commission aims to enhance the competitiveness of Europe’s net-zero industry and, simultaneously, support the fast transition to climate neutrality. The plan lays out several reform proposals. A reform of EU State aid rules was also put on the table. On 9 March 2023, the European Commission adopted the new Temporary Crisis and Transition Framework (TCTF), as well as the reform of the General Block Exemption Regulation (GBER). This article provides an overview of the background and outcome of the latest State aid reform, with a particular focus on the TCTF. Keywords: Green Deal Industrial Plan; Temporary Crisis and Transition Framework (TCTF); Temporary Crisis Framework (TCF); EU Green Deal; Inflation Reduction Act (IRA)



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

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