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(ANSA-AFP) - BRUSSELS, FEB 1 - The EU on Wednesday unveiled
proposals to counter the threat to European industry from US
green subsidies and unfair competition from China, with measures
including a controversial expansion of state aid. The bloc is
racing to compete with the United States and China to avoid
businesses relocating to Asia or North America where energy
costs are cheaper, but there has been division among EU member
states on how to respond. European Commission President Ursula
von der Leyen outlined the bloc's proposals but said there would
be no immediate new EU funding. "At the moment being we need to
work with what we have right now. And focus it on the clean tech
industry," she said. The majority of the EU's response involves
repackaging already existing funds, a stop-gap measure that has
earned much criticism. (ANSA-AFP).
