Response to IRA: more government aid pos • Table.Briefings

The EU states fear they are falling behind as locations for climate-friendly technologies. Higher subsidies are supposed to be the core of the response to the US Inflation Reduction Act. But the discussed relaxation of the subsidy rules would have side effects.

$350 million for German solar producer Meyer Burger, $1.75 billion for Swedish battery hope Northvolt: these are the sums the companies could rake in thanks to the Inflation Reduction Act (IRA) if they opened a plant in the US – per year. „What would you do if you were the CEO of one of these companies?“ asked Diego Pavia yesterday, as the head of startup agency Inno-Energy presented the figures at the EU Commission’s Investors Dialogue on Energy.

Response to IRA: more government aid poses new problems

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