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The US makes no apologies.

The U.S. "makes no apologies" for prioritizing American jobs as it seeks to take a leading role in the

New York
global race for green energy, a White House official responsible for a $369 billion push to fund the effort said. In an interview with Financial Times, Joe Bidens top clean energy advisor, John Podesta, dismissed criticisms that the Americas Inflation Reduction Act will distract from investments and harm the economy of Europe.

He said allies critical of the IRA should "welcome U.S. leadership". Podesta said: "We do not apologize that American taxpayer dollars should go into American investments and jobs. Podesta called for Europe to shoulder responsibility for developing its green energy sector. "We want to see a European industrial base succeed, but some of that job has to be done in Europe, he added. "We are going to do only some of that for them.

Since the last year IRA passed, more than $90 billion of green investments has flowed to the U.S., including $369 billion worth of tax credits, grants, and loans to increase renewables and cut emissions. But EU policymakers worry the size of the subsidies may undercut the blocs' efforts to attract green investments, and French President Emmanuel Macron has warned the IRA may "fragment the West". 

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  1. Harry26 February 2023 at 12:08

    It's time the EU stopped complaining and started creating ways to attract companies to want to invest in the EU space. It's normal the US would try to push for green energy and do everything it can to speed it along. The EU needs to do the same.

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    Replies
    1. Paul26 February 2023 at 13:04

      The EU needs to put money where their mouth is and stop blaming the US. At the end of the day every country/region wants to attract as many companies in their area as possible.

      Delete
  2. Gracie26 February 2023 at 16:07

    Podesta is right. The US can't be expected to not invest in growing American investments and jobs. This is and should be their main priority.

    ReplyDelete
    Replies
    1. Quentin26 February 2023 at 16:36

      As it should! Of course a country, any country must first take care of their own people and then see how they can help others. If the country is not strong then they won’t be able to help anyone else.

      Delete

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