{"id":61079,"date":"2023-02-10T10:36:44","date_gmt":"2023-02-10T09:36:44","guid":{"rendered":"https:\/\/staging.i4ce.org\/?p=61079"},"modified":"2023-07-20T11:42:23","modified_gmt":"2023-07-20T09:42:23","slug":"how-eu-can-match-us-inflation-reduction-act-climate","status":"publish","type":"post","link":"https:\/\/staging.i4ce.org\/en\/how-eu-can-match-us-inflation-reduction-act-climate\/","title":{"rendered":"How the EU can match the US Inflation Reduction-Act"},"content":{"rendered":"<p><strong>Last August, the US Congress adopted the Inflation Reduction Act (IRA). It became the epicentre of EU fears of seeing cleantech projects, like battery or solar panel gigafactories, settling in the US rather than in the EU. There is some rationality behind that fear. The IRA indeed provides sizable public funding, with 10 years predictability and the simplicity of having a single federal level scheme. Moreover, the IRA does not only subsidize cleantech manufacturing. For instance, in the case of electric vehicles, the IRA supports the mining of critical minerals, the manufacturing of the battery, the purchase of the electric car and the production of renewable electricity. In other words, with IRA the US now has a genuine long-term climate investment plan.<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p>The IRA is a wake-up call for the EU, as is China\u2019s Five years Plan and Japan\u2019s 20 trillion Yen Green Transformation Programme. Let\u2019s be clear. Seeing major Governments organising long-term climate investment plans is great news for climate action.<a href=\"https:\/\/staging.i4ce.org\/en\/publication\/think-house-not-brick-building-eu-cleantech-investment-plan-to-match-us-inflation-reduction-act-climate\/\" target=\"_blank\" rel=\"noopener\"> In our latest brief published today<\/a>, <strong>I<span style=\"color: #ff0000;\">4<\/span>CE<\/strong> argues that the logical solution is an EU long-term climate investment plan. Yet, there is currently little political appetite for such a discussion. The Institute therefore recommends the European Commission to use the existing political momentum around the IRA and cleantech, to propose an EU Cleantech Investment Plan that focus on the scale-up and manufacturing of key clean technologies. The EU should scale green public procurement and launch EU-wide support schemes, as part of this plan.<\/p>\n<p>&nbsp;<\/p>\n<p>Today the 27 Heads of States and Governments of the EU reconvene for a Special European Council. They should use this opportunity to provide political backing to an EU cleantech investment plan, and task their ministers to map and assess their own national schemes to identify synergies and gaps. This would help the European Commission design its Net-Zero Industry Act, tabled for 08 March 2023. However necessary, such Cleantech Investment Plan should only be the first step for a wider discussion. The EU needs to build a long-term climate investment plan that tackles all climate investment needs, such as public transport infrastructure or targeted support for low-income and middle-class Europeans. This is crucial to ensure EU, national and private investments turn all the European Green Deal objectives into tangible realities for businesses, workers and families.<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/mailchi.mp\/i4ce\/i4ce-newsletter-semaine-04-666543\" class=\"external_link \" target=\"_blank\">Read the newsletter<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Last August, the US Congress adopted the Inflation Reduction Act (IRA). It became the epicentre of EU fears of seeing cleantech projects, like battery or solar panel gigafactories, settling in the US rather than in the EU. There is some rationality behind that fear. The IRA indeed provides sizable public funding, with 10 years predictability and the simplicity of having a single federal level scheme. Moreover, the IRA does not only subsidize cleantech manufacturing. For instance, in the case of electric vehicles, the IRA supports the mining of critical minerals, the manufacturing of the battery, the purchase of the electric car and the production of renewable electricity. In other words, with IRA the US now has a genuine long-term climate investment plan.<\/p>\n","protected":false},"author":9,"featured_media":59828,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[16],"tags":[],"class_list":["post-61079","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-foreword-of-the-week"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How the EU can match the US Inflation Reduction-Act - I4CE<\/title>\n<meta name=\"description\" content=\"Last August, the US Congress adopted the Inflation Reduction Act (IRA). It became the epicentre of EU fears of seeing cleantech projects, like battery or solar panel gigafactories, settling in the US rather than in the EU. There is some rationality behind that fear. The IRA indeed provides sizable public funding, with 10 years predictability and the simplicity of having a single federal level scheme. Moreover, the IRA does not only subsidize cleantech manufacturing. For instance, in the case of electric vehicles, the IRA supports the mining of critical minerals, the manufacturing of the battery, the purchase of the electric car and the production of renewable electricity. In other words, with IRA the US now has a genuine long-term climate investment plan.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.i4ce.org\/en\/how-eu-can-match-us-inflation-reduction-act-climate\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How the EU can match the US Inflation Reduction-Act - I4CE\" \/>\n<meta property=\"og:description\" content=\"Last August, the US Congress adopted the Inflation Reduction Act (IRA). It became the epicentre of EU fears of seeing cleantech projects, like battery or solar panel gigafactories, settling in the US rather than in the EU. There is some rationality behind that fear. The IRA indeed provides sizable public funding, with 10 years predictability and the simplicity of having a single federal level scheme. Moreover, the IRA does not only subsidize cleantech manufacturing. For instance, in the case of electric vehicles, the IRA supports the mining of critical minerals, the manufacturing of the battery, the purchase of the electric car and the production of renewable electricity. In other words, with IRA the US now has a genuine long-term climate investment plan.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.i4ce.org\/en\/how-eu-can-match-us-inflation-reduction-act-climate\/\" \/>\n<meta property=\"og:site_name\" content=\"I4CE\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-10T09:36:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-20T09:42:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.i4ce.org\/wp-content\/uploads\/2022\/11\/Thomas-Pellerin-Carlin-carre.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1856\" \/>\n\t<meta property=\"og:image:height\" content=\"1846\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Sacha Poree\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/staging.i4ce.org\/wp-content\/uploads\/2022\/10\/Claire-Eschalier-twitter.png\" \/>\n<meta name=\"twitter:creator\" content=\"@I4CE_\" \/>\n<meta name=\"twitter:site\" content=\"@I4CE_\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Sacha Poree\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.i4ce.org\/en\/how-eu-can-match-us-inflation-reduction-act-climate\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.i4ce.org\/en\/how-eu-can-match-us-inflation-reduction-act-climate\/\"},\"author\":{\"name\":\"Sacha Poree\",\"@id\":\"https:\/\/www.i4ce.org\/#\/schema\/person\/019647dfff6cbbde1a8f49ae7edf6346\"},\"headline\":\"How the EU can match the US Inflation Reduction-Act\",\"datePublished\":\"2023-02-10T09:36:44+00:00\",\"dateModified\":\"2023-07-20T09:42:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.i4ce.org\/en\/how-eu-can-match-us-inflation-reduction-act-climate\/\"},\"wordCount\":409,\"publisher\":{\"@id\":\"https:\/\/www.i4ce.org\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.i4ce.org\/en\/how-eu-can-match-us-inflation-reduction-act-climate\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/staging.i4ce.org\/wp-content\/uploads\/2022\/11\/Thomas-Pellerin-Carlin-carre.jpg\",\"articleSection\":[\"Foreword of the week\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.i4ce.org\/en\/how-eu-can-match-us-inflation-reduction-act-climate\/\",\"url\":\"https:\/\/www.i4ce.org\/en\/how-eu-can-match-us-inflation-reduction-act-climate\/\",\"name\":\"How the EU can match the US Inflation Reduction-Act - I4CE\",\"isPartOf\":{\"@id\":\"https:\/\/www.i4ce.org\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.i4ce.org\/en\/how-eu-can-match-us-inflation-reduction-act-climate\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.i4ce.org\/en\/how-eu-can-match-us-inflation-reduction-act-climate\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/staging.i4ce.org\/wp-content\/uploads\/2022\/11\/Thomas-Pellerin-Carlin-carre.jpg\",\"datePublished\":\"2023-02-10T09:36:44+00:00\",\"dateModified\":\"2023-07-20T09:42:23+00:00\",\"description\":\"Last August, the US Congress adopted the Inflation Reduction Act (IRA). 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In other words, with IRA the US now has a genuine long-term climate investment plan.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.i4ce.org\/en\/how-eu-can-match-us-inflation-reduction-act-climate\/","og_locale":"en_US","og_type":"article","og_title":"How the EU can match the US Inflation Reduction-Act - I4CE","og_description":"Last August, the US Congress adopted the Inflation Reduction Act (IRA). It became the epicentre of EU fears of seeing cleantech projects, like battery or solar panel gigafactories, settling in the US rather than in the EU. There is some rationality behind that fear. The IRA indeed provides sizable public funding, with 10 years predictability and the simplicity of having a single federal level scheme. Moreover, the IRA does not only subsidize cleantech manufacturing. 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