A Global Green Subsidies Race? The EU’s Green Deal Industrial Plan: Effective and WTO-Compatible?
Kristiyan Stoyanov
What the paper says
p class="MsoNormal"On 16 August 2022, the US passed the Inflation Reduction Act of 2022 (‘IRA’) – the world’s largest green subsidy measure in modern economic history. This legislation came at a time when subsidies for green energies have been increasing substantially around the globe. This article analyses the EU Green Deal Industrial Plan (‘GDIP’) – the EU’s response to the US’ IRA and the general increase of subsidies worldwide. In particular, the article argues that the two key legislations under the GDIP – the Critical Raw Materials Act (‘CRMA’) and the Net-Zero Industry Act (‘NZIA’) – are in line with WTO law as well as makes recommendations on how the EU use its external relations to strengthen its development of green energy technologies.o:p/o:p
2 citations
Evidence weight
Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40
| F · citation impact | 0.25 × 0.4 = 0.10 |
| M · momentum | 0.55 × 0.15 = 0.08 |
| V · venue signal | 0.50 × 0.05 = 0.03 |
| R · text relevance † | 0.50 × 0.4 = 0.20 |
† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.