Davos 2023: EU to counter game changing U.S. climate move with own law


FILE PHOTO: EU Commission President Ursula von der Leyen give a statement with NATO Secretary General Jens Stoltenberg (not pictured) before a meeting with EU Commissioners in Brussels, Belgium, January 11, 2023.REUTERS/Johanna Geron

DAVOS, Switzerland (Reuters) - The European Union responded on Tuesday to U.S. moves to boost its energy transition with plans to make life easier for the bloc's green industry, saying it would mobilize state aid and a fund to keep firms from moving to the United States.

European Commission head Ursula von der Leyen told the World Economic Forum (WEF) annual meeting in Davos that the moves would be part of the EU's Green Deal industrial plan to make Europe a centre for clean technology and innovation.

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