Inflation Reduction Act

Europe News

Brussels approves Northvolt German state aid to avoid losing out to US

Swedish battery producer Northvolt will receive €902 million in German state aid, as Brussels makes its first use of more flexible state aid rules to prevent investment from being diverted away from Europe.

08/01/2024

Europe News

Russia-North Korean arms talks show 'Putin's failure': US Ambassador

Reports that North Korean leader Kim Jong-un plans to visit Russia this month to discuss arms supply with President Vladimir Putin are causing concern among Western allies.

05/09/2023

Living

Native tribes are inspiring each other at these summer climate camps

Native nations on the frontlines of climate change have created a ‘supporting web’ to share knowledge and access US funds.

29/08/2023

Europe News

The EU aims to have 40% of its green technology homegrown by 2030

The European Commission has proposed a new industrial strategy to cut down the bloc's dependency on countries like China.

16/03/2023

Europe News

EU relaxes subsidy rules to prevent exodus of green tech companies

The new rules will make it easier for member states to inject subsidies into key green tech products such as solar panels, heat pumps and wind turbines.

09/03/2023

Europe News

Here's what to expect when Ursula von der Leyen meets Joe Biden

Ukraine, sanctions against Russia, China and economic security are also expected to be discussed by the two leaders.

09/03/2023

Climate

US got 40% of its energy from carbon-free sources in 2022

The outlook is even brighter for 2023, with Biden’s Inflation Reduction Act promoting the clean energy transition.

05/03/2023

World News

Euroviews. Let’s build a clean tech industry strategy, the European way

The IRA is, above all, a “call to action” that Europe’s clean technology leadership must embrace. However, the EU's competitiveness does not rely on public finance alone, European Climate Foundation CEO Laurence Tubiana writes.

14/02/2023

Europe News

I can't return to Ukraine from Brussels 'without results': Zelenskyy

Zelenskyy was in London and Paris on Wednesday to meet with his British, French and German counterparts.

09/02/2023

Europe News

EU presents new industrial plan to counter American green subsidies

The EU plan is a direct response to the $369-billion Inflation Reduction Act promoted by US President Joe Biden.

01/02/2023

Brussels, My Love?

Brussels, my love? EU subsidies and support for Ukraine

Tune in to understand the ins and outs of European politics.

21/01/2023

Economy

'Fears of relocation are real': Danish industry warns of US subsidies

The Inflation Reduction Act offers generous tax breaks and rebates for green technology, but only if it is manufactured in North America.

19/01/2023

Economy

Germany & France account for most EU subsidies. Why is that a concern?

The US Inflation Reduction Act has triggered an intense debate in the EU that pits industrial subsidies against fair competition.

17/01/2023