America’s vast $369 billion green subsidy package nestled in Biden’s Inflation Reduction Act (IRA) set alarm bells ringing across Europe when it was unveiled a year ago. And for a good reason: Europe was already battling economic headwinds from the pandemic and the Ukrainian crisis. Many had expected this to be the final straw – a siren call luring away Europe's elite cleantech companies to the promise of U.S. tax incentives, leaving Europe in the dust, devoid of future jobs, innovation, and investment. But one…
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