Inflation Reduction Act

Inflation Reduction Act Concerns

British Prime Minister Rishi Sunak said on Friday he was talking to the United States and European Union about the U.S. Inflation Reduction Act amid concern it could make European markets uncompetitive. There are concerns in Europe that the United States’ $369 billion of subsidies for electric vehicles and other clean technologies could put companies […]

Thyssenkrupp Nucera

German hydrogen firm Thyssenkrupp Nucera has seen customer interest soar in the U.S. as a result of the Inflation Reduction Act (IRA) and may create local production capacity with Italy’s De Nora if the market takes off. Thyssenkrupp Nucera held talks about several potential green hydrogen projects “with very concrete timelines” during a trip to […]

China concerns in Washington

German Chancellor Olaf Scholz will hold confidential talks on Friday in Washington with U.S. President Joe Biden about the war in Ukraine amid growing concerns that China may provide weapons to Russia as its invasion of Ukraine grinds into a second year. Scholz set off on the one-day trip, which unusually will not include a […]

German companies

The Biden administration’s Inflation Reduction Act to promote climate-friendly technologies is attracting German companies to the United States, a survey of the German Chamber of Commerce and Industry DIHK released on Wednesday showed. According to the DIHK survey among 2,400 companies from all sectors, one in 10 German companies is already planning to relocate production […]

Airbus criticizes US

The head of European planemaker Airbus criticized the U.S. Inflation Reduction Act on Tuesday, saying the law could make it more difficult for the European Union to accelerate its own decarbonization efforts. Airbus Chief Executive Guillaume Faury said the law, which boosts U.S. investment in renewable energy products, “is destabilizing the level playing field” between […]

Inflation Reduction Act

European Commission Vice President Valdis Dombrovskis will head to Washington next month for more talks about the U.S. Inflation Reduction Act (IRA), he said on Thursday, adding that discussions are unlikely to solve all the EU’s concerns about the law. Dombrovskis, the European Union’s commissioner for trade, said progress was being made in some areas […]

Carbon-removal companies

More than 20 companies in the burgeoning carbon removal industry on Thursday launched a coalition that will lobby the U.S. government for new policies to help commercialize the nascent technology, which has received a flood of private investment in recent years. The CRA will represent companies developing technologies to remove carbon emissions, buyers of credits […]