IRA: Breton and Habeck concretize plans

Internal Market Commissioner Thierry Breton has concretized his plans for promoting climate-friendly technologies in Europe. The US subsidy programs under the Inflation Reduction Act (IRA) are a „game-changer“ and could lead to a „complete reversal of investment flows,“ he warned during a speech in Berlin. The EU must respond to this in terms of industrial policy, he said.