White House Biden-Trump meeting.
On the Ukraine war, we do not know what Trump can fix in 24 hours.
We know however, that he can possibly fix a cease fire in 12 hours. Before he gets down to the Middle East business.
Trump is naturally cordial and charming, when he wants to be.
Biden is too long in politics to be lightly swayed by diplomacy alone. But he will quickly seize a political opportunity if he sees one.
https://www.cbsnews.com/video/upcoming-biden-trump-meeting-white-house-what-we-know
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Competition poses the toughest test for climate chief Ribera.
Subsidies are financial incentives for investment and economic development.
These incentives are drawn for selective economic fields and geographical regions. Beneficiaries have to meet criteria, particular terms and conditions set.
Subsidies are dynamic economic measures in the forms of state aid. Subsidies are therefore, drawn for facilitation and reinforcement of specific economic policy objectives.
State aid can distort free market competition. Market liberty, plurality, decentralization and competition are functions for opportunity growth, economic development and monetary stability. For this reason, competition is likewise protected with market regulation, supervision and state aid control.
Market participation impediment and competition distortion are economic disincentives. The risk of state aid, is controlled by the criteria of the subsidies.
Therefore, state aid policy criteria, gear subsidies towards (a) economic investment potential, (b) market infrastructure and (c) service, facility and utility of users and consumers.
Such criteria of economic reinforcement together with market regulation and supervision policy, for free participation and fair competition, check proactively the risk of market distortion, derivative damage and loss.
Finally critical for normal economic operation and dynamic market function in state aid, is the confluence of private and public interest for the common individual and collective benefit. For this reason, state aid compensates normally imbalance of public interest over private interest.
State aid for renewables is justified in the public interest of defense against global warming and climate change loss and risk, with ecological, technological and economic (development) criteria, application. For the aforesaid reasons state aid is common in the energy sector overall and thus far from unknown in the fossil fuel industry, also.
Big tech supervision and regulation is justified in general for anti-trust, abuse of dominant position, harmonised practice (cartel) and market distortion, manipulation and concentration, impeding user’s instrumentation and exploitation and competition participation. It is justified specifically on IT programs and applications for competitiveness in the utility, facility and in the value for cost, service to the user and customer.
With regard to international trade rules, subsidies and state aid are justified when for service of national and international interest in general. This interest includes the functions of international commercial and financial markets (trades, exchanges and transactions).
