Ad
Some hope green industrial competition will speed up the clean energy transition (Photo: Robert and Cathy)

Analysis

Will a green industrial arms race with the US spur EU's energy transition?

In August, after being held up by one coal industry-beholden senator for months, the US launched its Inflation Reduction Act (IRA).

The IRA is a massive package which contains $369bn in subsidies and tax breaks for renewables and electric vehicles. One of the key objectives is to counter Chinese dominance in clean energy and critical resources.

China controls some 75 per cent of global battery cell production; 85 percent of all solar photovoltaic cells, and seven of the top ten ...

Get EU news that matters

Back our independent journalism by becoming a supporting member

Already a member? Login here

Author Bio

Wester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.

Some hope green industrial competition will speed up the clean energy transition (Photo: Robert and Cathy)

Tags

Author Bio

Wester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.

Ad

Related articles

Ad
Ad