Countries Wage War Over Clean Energy Subsidies ...Middle East

OILPRICE - Economy
Countries Wage War Over Clean Energy Subsidies
source : OILPRICE ( Middle East ) () 42
Journalists are calling it a subsidy war. Those involved in it are keen to preserve an image of cooperation and agreement. Whatever you call it, it's hard to deny the obvious: the United States and Europe are locked in a race—a subsidy race for the energy transition. When Congress passed the Inflation Reduction Act last summer, many companies had reason to celebrate: they were going to get generous financial support to build or expand their businesses as long as they fell into any "sustainable" category. The mood was different in Europe.…

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