https://archive.md/Ge7Ma
"It looked like the start of a transatlantic trade war over climate policy.
As US President Joe Biden hosted his French counterpart in Washington on Dec.
1, not long after finalizing a $369 billion green tax-break bonanza, there was
a rupture in the usual diplomatic cooperation on global warming. Just a day
earlier, and in front of US lawmakers, French President Emmanuel Macron
criticized protectionist features of the Inflation Reduction Act that would be
“super aggressive” toward European businesses.
Some of those European companies — first in private and later in public — have
since then started making noise about the wave of American money. German
chemicals giant BASF SE and steelmaker ArcelorMittal threatened to shrink their
presence in Europe, where they’re grappling with soaring energy prices, in
favor of the newly incentive-rich US. Swedish battery maker Northvolt AB put an
estimated $8 billion total on the tax credits that would come by the end of the
decade from moving production to the land of the IRA. The world’s biggest
ball-bearings maker, Sweden’s SKF AB, decided to put its new facility in North
America.
If this was what Europe’s political leaders feared, then its policymakers this
week appear far from alarmed.
Eight months after passage of the lavish US climate law, the European Union is
considering a policy response that marginally improves on the three-year-old
Green Deal roadmap for tackling climate change over a decade. The measures set
to be proposed by the European Commission later this week don’t suggest a
Washington-vs.-Brussels arms race for the green future. New policies in the
Net-Zero Industry Act would accelerate permitting and set production targets
for technologies including solar panels, wind turbines, heat pumps, batteries
and electrolyzers, according to a draft document reviewed by Bloomberg."
Via
Future Crunch:
<
https://futurecrunch.com/good-news-global-malaria-lgbtq-warriors-river-albania/>
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
