EU competition regulators seek evidence that businesses are shifting investment from the bloc due to the U.S. Inflation Reduction Act as they consider loosening state aid rules.
Germany, France and some other countries have suggested that the U.S. law could disadvantage European Union companies and tempt businesses to relocate to the United States.
"Do you have examples where the availability of public support in third country jurisdictions has led or will lead to the relocation of investments in strategic sectors for the green transition of the EU?" the document sent to the 27 EU countries asked. The questionnaire also asked whether it was necessary to loosen state aid rules to allow more support for greenfield investments in sectors key to the bloc's green goals and for which public support in third country jurisdictions has led or will lead to companies relocating.
The Netherlands and others, as well as some within the Commission, have pushed back on the idea of pumping billions more euros into European companies on top of already hefty funds to offset the pandemic and impact of the war in Ukraine. "In your view, would an increase in aid intensity for undertakings active in sectors which are deemed to be in genuine risk of relocation or carbon leakage be appropriate and/or useful?"
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