Getting there faster – in the U.S.!

EU: Trade War or Systemic Competition With the US?

 
Germany, the erstwhile champion in green technologies, still has not focused on the real challenge posed by the U.S. That challenge does not lie in subsidies.

 In English, there is a smart maxim: “If you can’t beat them, join em.” It took the EU a long time to come up with a sensible response to the Biden administration’s Inflation Reduction Act.

To be sure, nothing would have run more counter to the interests of German business and the German economy than launching a transatlantic trade war. Paris had pushed that approach for several months.

 
Two U.S. goals

The main aim of the U.S. initiative is two-fold: First, the U.S. government wants to promote technologies that hold the promise of progress on the path to climate neutrality. It deliberately does not impose any technology “filters.” It is the outcome that matters.

Second, Washington wants to support firms ready to deploy such technologies not only financially but also, and really above all, by making decisions quickly – i.e., without excessive bureaucracy.

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Πηγή: theglobalist.com