‘We are facing dependence on China’: EU battles to support green industry

Europe’s response to the US’s $369bn Inflation Reduction Act is being stymied by lack of funds and coordination, say analysts

Europe is struggling to support green industries one year after the US passed a law to boost technologies needed to stop the planet heating.

The Inflation Reduction Act (IRA), which offers companies hundreds of billions of dollars in tax breaks to make clean technologies in the US, prompted EU officials in March to support homegrown manufacturing in sectors crucial to cleaning up the economy.

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