The $40 Billion Fund That's Gambling With Europe's Climate Goal [Yahoo! Finance]
L'AIR LIQUIDE SA UNSP/ADR (AIQUY)
NASDAQ:AMEX Investor Relations:
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Source: Yahoo! Finance
A battery maker that spurned Europe for American subsidies. A green hydrogen project stalled for lack of electricity. Most Read from Bloomberg Trump's Net Worth Drops $1 Billion as Social Media Firm Sinks A Million Simulations, One Verdict for US Economy: Debt Danger Ahead Erdogan Suffers Historic Loss in Turkey Municipal Elections Trump Media's Business Doesn't Matter Caribbean Golden Passport Cost Soars to $200,000 on EU Crackdown These are a handful of the early results from the European Union's Innovation Fund, a €40 billion ($43 billion) investment vehicle at the core of Europe's plans to overhaul its economy to be zero-carbon by the middle of the century. It's also part of the EU's counter to the US Inflation Reduction Act: Officials hope the subsidies will keep key industries from decamping overseas. While the fund is still fairly new and backs dozens of projects, including the world's first major green steel plant, some of them — especially in the manufacturing
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