<
https://www.canarymedia.com/articles/clean-energy-manufacturing/suddenly-the-us-is-a-climate-policy-trendsetter>
"It wasn’t long ago that Europeans were lamenting the United States’ lack of
progress on climate. Now they’re racing to keep up.
When President Joe Biden signed the Inflation Reduction Act in 2022, he wasn’t
just altering U.S. domestic energy policy. The law’s tax credits for domestic
manufacturing and clean-energy project construction changed the global calculus
of where companies should operate. Now even U.S. allies are scrambling to hang
on to a piece of the booming clean-energy industry.
In mid-March, the European Union proposed policies to ensure the bloc’s
clean-energy manufacturing base grows enough to meet 40 percent of its
deployment needs by 2030. On Monday, France’s finance minister unveiled a set
of tax incentives and subsidies to encourage clean-energy manufacturing in the
nation and “reverse a long-term disindustrialisation trend in the country,”
Reuters reported. Lapsed EU member Great Britain weighed in too, but mostly to
express distaste for this “distortive global subsidy race” with allies.
Back in North America, Canada proposed a budget last week that explicitly
models itself on the Inflation Reduction Act, with 15 percent tax credits for
clean power plant construction and 30 percent tax credits for “the cost of
investments in machinery and equipment” to produce clean technologies or the
critical minerals they depend on.
“A couple years back, you would not see this situation coming at all,” said
Lars Nitter Havro, who manages energy transition analytics at Norway-based
Rystad Energy. “The U.S. is very serious about bringing home that supply
chain. It’s raised the bar substantially, globally.”
These other nations aren’t complaining about having the U.S. back in the Paris
Agreement. But while the world may benefit from reduced carbon emissions,
specific regions and countries stand to gain jobs and tax revenue if they can
play host to the manufacturing and installation of clean-energy technologies
like solar, wind, batteries and hydrogen electrolyzers. Now the U.S. is
dangling $369 billion in incentives to woo companies to focus new investment in
North America, luring them away from Europe."
Via
Future Crunch:
<
https://futurecrunch.com/good-news-women-uzbekistan-conservation-colombia-river-florida/>
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
