This morning is bringing fresh signs of the intensifying industrial competition spurred by major new subsidies in the U.S. climate law, Ben writes.
Driving the news, part 1: Bloomberg reports that a major European metals industry group is urging policymakers there to boost domestic support.
- Eurometaux is urging policy measures including “fast-tracking of clean-energy projects and tax credits to support strategic metals production,” they report.
- “The U.S. Inflation Reduction Act, while discriminatory, has shown what a proactive clean tech industrial policy could look like,” states a letter from Eurometaux to the European Commission.
Driving the news, part 2: The Financial Times reports that economic officials from Michigan, Georgia, Ohio and other states are ramping up efforts to “lure European clean energy businesses across the Atlantic.”
- State delegations have toured Europe “armed with details of subsidies” in the E.U. law.