Ondřej Michálek“At its heart is the de-risking of big private businesses’ investments and leveraging private finance to deliver decarbonization.”
“Yet #GDIP is silent on conditionality that would help weed out free riders and prevent “green” state aid from going to polluting corporations that can already fund themselves or easily access private finance.”
“The GDIP’s most likely outcome is a monopolized renewables market and an accelerated clean-tech oligopoly race.”
https://jacobin.com/2023/03/eu-green-deal-industrial-plan-corporate-handouts-renewables
The EU’s Green Deal Industrial Plan Is a Windfall for Corporations
Responding to the Inflation Reduction Act, the EU has unveiled its own green industrial plan. It has little to do with real decarbonization — but hands public money to big business, fueling a global race among “clean-tech” oligopolies.