When Europe sets its sights on climate policy, the goal is typically to be the leader. First emissions trading system? The European Union (EU) in 2005. First green bond issuer? The European Investment Bank in 2007. First climate-neutral continent? Europe in 2050, at least according to the explicit goal set by European Council President Charles Michel. The US has now thrown down the gauntlet in the shape of the Inflation Reduction Act (IRA). The bill includes approximately $370bn of climate-related spending, the largest clean energy package in US history, the majority of which will be of...
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13 November 2024
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3 min read
