The United States’ recently enacted Inflation Reduction Act (IRA), which includes hundreds of billions in federal subsidies for green technologies and renewable energies, marks a long-overdue shift in US climate policy. But while the US decision to join the global fight against climate change has been well received in the European Union, some leaders have voiced concerns that the bill focuses too much on domestic production and might discriminate against EU-based companies.
In a recent policy paper, I argue that Europe should not resist the new US approach to climate policy. Instead, European countries should welcome it and develop a better version of their own.
One reason Europeans should embrace the IRA is that it goes beyond the somewhat simplistic approach to climate change that often dominates policy discussions. The EU’s current approach, exemplified by its Fit for 55…
Europe needs American-style clean energy policy
