As is often the case in Europe, there was a delay in the outbreak. In mid-August, when Joe Biden announced with much fanfare his so-called “IRA” inflation reduction law, which plans to allocate about 370 billion dollars to reduce greenhouse gases, Brussels saw nothing but fire. On Twitter, Ursula von der Leyen even welcomes the text.
After the very difficult years of Trump, the president of the European Commission is satisfied that the USA is returning to the fight against global warming. But in the fall, with EU energy prices rising and economies slowing, Europeans are seeing how far the law pushes protectionism and will punish the bloc’s industries.
“It is pure discrimination in favor of the local producer. It goes against everything Americans have subscribed to since 1947. With this law, they sat on the rules of international trade.critic Pascal Lamy, honorary president of the Institute…
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Source: Le Figaro
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.