Tax rebates, looser subsidy rules to be discussed at European leaders’ summit next week

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European Commission President Ursula von der Leyen said the region wants to lead the clean-tech revolution.

Photo: stephanie lecocq/Shutterstock

BRUSSELS—The European Union’s executive body on Wednesday set out a road map for competing with American green subsidies with a range of tools that could include coordinated tax rebates and the ability to match certain U.S. incentives on a dollar-for-dollar basis.

The European Commission published a document laying out its proposals for supporting Europe’s clean-tech industry and preventing what some officials fear could be a wave of decisions by European companies to shift their investments to the U.S. The commission’s ideas are set to be debated by European leaders at a summit in Brussels next week.

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