The European Union plans to push back against the clean-tech tax breaks provided in the Inflation Reduction Act (IRA) by easing subsidy rules and creating a new source of money to help member states compete with the United States.
Some EU members see aspects of the IRA as discriminatory, designed to benefit U.S. climate tech manufacturers at the expense of Europe. The IRA sets aside $369 billion worth of tax breaks and subsidies to boost green technology and energy security in the U.S., several of …
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