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The European Commission presented its Green Deal Industrial Plan on Wednesday in response to the U.S. Inflation Reduction Act (IRA), with increased levels of state aid to help Europe compete as a ...
The funding comes from the Infrastructure Investment and Jobs Act and the Inflation Reduction Act. [265] [266] According to a Biden administration statement, in the first year of implementation, around $2 billion was allocated to protect and restore land and marine ecosystems, including National Parks and the National Wildlife Refuge System. [267]
Top European Union officials will use a trade meeting with U.S. counterparts on Monday to press concerns about Washington's huge new green energy subsidy package. While EU countries welcome the ...
As of August 2023, there has been no evidence that the Inflation Reduction Act increased or decreased inflation. [171] Gernot Wagner argues that the benefits of the Act will likely not be felt before the 2024 election, but that the act is a great long-term strategy to decouple from volatile energy markets that drive inflation.
Inflation may have tumbled from multi-decade highs on both sides of the Atlantic, but progress has stalled in the United States, with the Federal Reserve now expected to start cutting interest ...
The Inflation Reduction Act is headed to President Biden's desk. The House approved the bill, a pared-back version of the original Build Back Better legislation, Friday afternoon, with all 220 ...
The U.S. Inflation Reduction Act and soaring energy prices pose a risk to some of Europe's businesses, European Union antitrust chief Margrethe Vestager warned on Wednesday as the United States ...
The Inflation Reduction Act — which still has plenty of hurdles to overcome before it becomes law — is a far cry from some early Democratic ambitions but nonetheless marks a potentially giant ...