The European Commission adopted, on Thursday 9 March, a new Temporary Crisis and Transition Framework to encourage support measures in key sectors for the transition to a ‘net-zero’ economy, in line with the ‘Green Deal Industrial Plan’.
The new rules, adopted after consultation with EU countries, are intended to counter the effects of the US Inflation Reduction Act (see EUROPE B13100A3).
In addition, the new framework extends the temporary crisis framework of 23 March 2022...