The Biden administration now has the world’s most generous package of climate incentives – a $370bn green subsidy package, which goes by the misnomer Inflation Reduction Act. But instead of celebrating the US handouts and tax breaks for investment in such things as electric vehicles and solar panels, many European governments are furious.
Yes, it’s good for the planet. But it’s even better for American industry as the new US green subsidies are only available for products “made in America”. The scale of financing is such that some European companies are already making plans to shift production across the Atlantic. Europe fears deindustrialisation and accuses the US of protectionism and unfair competition.
Just do the same, Washington argues. Develop your own green industrial policy and both sides of the pond can then lead the climate revolution together.
Europe should indeed understand that industrial planning – or what some now call the designer economy – is back in fashion across the political spectrum.
هذه القصة مأخوذة من طبعة February 10, 2023 من The Guardian Weekly.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة February 10, 2023 من The Guardian Weekly.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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