European Commission head Ursula von der Leyen said today that a potential European sovereignty fund to support clean-tech industry would disburse both grants and loans.
Von der Leyen said that as the EU prepares to set up this fund – aimed at making domestic industries more competitive, especially against US and Asian businesses – a bridging solution for the financing of green industry would also involve loans and grants.
“We need a very clear message and signal now to the clean-tech industry that Europe is their home and future and it’s worth to invest here,” she told reporters on the sidelines of the World Economic Forum in Davos. — REUTERS
