EU Responds to Transatlantic Competition in Green Technologies
EU Responds to Transatlantic Competition in Green Technologies

Author(s): Marianna Skoczek-Wojciechowska
Subject(s): Supranational / Global Economy, Energy and Environmental Studies, Economic policy, Environmental and Energy policy, International relations/trade
Published by: PISM Polski Instytut Spraw Międzynarodowych
Keywords: EU; green technology; USA; competition; economy;
Summary/Abstract: The U.S. Inflation Reduction Act challenges the competitiveness of the European green technology sector. The European Commission (EC), through its Green Deal industrial plan, proposes to increase the production capacity of European industry by simplifying regulatory rules, accelerating access to finance, and other initiatives. The EU also aims to reduce its dependence on Chinese raw materials. An obstacle, though, is in the need to reconcile the differences between the Member States as to the direction of further EC actions, for example, in terms of financing the plan.

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