European Competition Chief Teresa Ribera advocates for governments to invest in clean tech by acquiring equity in companies instead of providing direct subsidies, which she deems illegal and distortive. As the EU prepares to adopt new state aid guidelines, Ribera emphasizes the importance of balancing industrial policy and competition enforcement to enhance Europe’s green tech competitiveness against China and the US.
Explain It To Me Like I’m 5: The EU’s competition chief, Teresa Ribera, says that instead of giving money directly to green tech companies, governments should invest in them by buying shares, to help Europe compete with the US and China in making clean technology.
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