European Executives Eye US Green Plan With Envy in Davos
- Businesses want a continental version of the US plan
- Huge US incentives could lure investment from Europe
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Brussels is coming under pressure from European business to respond to the US’s multi-billion dollar clean energy subsidy plan or risk losing investment and falling behind in the green energy revolution.
The region’s reaction to the Inflation Reduction Act has become the key issue in meetings between industry leaders and politicians at the World Economic Forum’s annual gathering in Davos this week. It includes billions in financial aid that Europe fears will unfairly benefit US businesses.