IRA: Scholz demands facts from the EU Commission

German Chancellor Olaf Scholz is demanding facts from the EU Commission to be able to determine a European response to Washington’s Inflation Reduction Act (IRA). A „very careful assessment“ of the promotion of certain climate-friendly technologies in the United States and Europe is „urgently needed,“ Scholz said on Sunday evening at the Franco-German Councils of Ministers in Paris. On this basis, he said, one could „jointly assess and see whether additional measures will be necessary.“ The picture will probably differ from area to area.