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Competition from the US is forcing Europe to up its green game

By Laura Millan Lombrana and Akshat Rathi

13 Mar 2023 · 6 min read

Editor's Note

Bloomberg provides us with an overview on international climate policy. In this article, we discover that a newly muscular U.S. approach is forcing the EU to become savvier about it's own strategies.

It looked like the start of a transatlantic trade war over climate policy.

As U.S. President Joe Biden hosted his French counterpart in Washington on Dec. 1, not long after finalizing a $369 billion green tax-break bonanza, there was a rupture in the usual diplomatic cooperation on global warming. Just a day earlier, and in front of U.S. lawmakers, French President Emmanuel Macron criticized protectionist features of the Inflation Reduction Act that would be "super aggressive" toward European businesses.

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