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Move comes as Biden administration prepares guidance on qualifying for tax credits under IRA
Industry executives say they are encouraged by Brussels’ response to the IRA but urge quick action
Vital Chinese supply chain would be hit by local content proposals in Net Zero Industry Act
Proposal to counter US green subsidies lacks ‘clarity and funding’ of Washington initiative, say executives
Opposition party says ministers should listen to business concerns about impact of the US Inflation Reduction Act
Washington’s subsidy rules benefit northern neighbour as German carmaker puts European plant on hold
Debate comes as Brussels unveils key proposals this week in subsidy race with US and China
Participants in CERAWeek sense the mood has shifted in their favour as a result of the energy crisis
Jennifer Granholm says in interview that Washington wants to ‘make sure we can do this in a way that lifts all’
Brussels will allow members to ‘match’ multi-billion dollar incentives to move across Atlantic
Europe’s largest carmaker is ‘waiting’ for an EU response to Biden administration’s subsidies
Also in today’s newsletter, the largest market for EVs steps on the brakes
Inflation Reduction Act’s tax credits include technologies favoured by fossil fuel sector
Also in today’s newsletter: the fight among green tech to win incentives from Brussels
Multinationals warn of ‘massive’ transfer of American taxpayer money into foreign government coffers
Response to US Inflation Reduction Act focuses on wind and heat pump sectors
German carmaker also seeks site for its first battery factory in North America
López Obrador confirms investment after finalising details with carmaker’s chief executive Elon Musk
Shortage of engineers and IT professionals is holding back clean technology transition
EU officials fear Biden’s climate law will undermine the bloc’s own efforts to drive green investment
John Podesta pushes back at European criticism of $369bn climate spending
French utility’s chief says region should take inspiration from tax breaks and incentives in US Inflation Reduction Act
Half a million more construction workers needed as public money floods into infrastructure and clean energy
American officials asked to stop acting ‘in their own interest’ by trade organisations and lawmakers, while companies see opportunities
Also in today’s newsletter, why are global oil markets relatively calm
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