The future European Competitiveness Fund should match the US IRA in terms of percentage of GDP (1.38%), according to a study carried out by the Green Economy Institute and Cambridge Econometrics. This amounts to €237 billion over seven years, according to the authors of the document. They suggest that the European co-legislators should set up a fund starting in 2027 to succeed the recovery plan, which ends in 2026.
Rather than increasing the EU budget, the authors of the report recommend...