European Greens Against Huge Investments In Green Technologies

Because they’re not the right shade of Green. They’re not European Green, in other words.

They’re more of a Greenback shade of Green. And this makes them Green with envy. Or maybe it’s more like Green about the gills.

German Vice Chancellor and Economy Minister Robert Habeck was holding talks in Washington on Tuesday focused on the controversial US Inflation Reduction Act (IRA), which foresees huge investments in green technologies.

A large portion of the Inflation Reduction Act, somewhere in the region of $370 billion (roughly €350 billion at current exchange rates), is earmarked for spending and subsidies designed to support the green transition in the US.

For instance, it includes government incentives for consumers to buy electric vehicles, but only if the vehicles and batteries were produced either in the US or a country with a trade deal with the US.

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