Margrethe Vestager Eu Margrethe Vestager Eu

U.S. Energy Subsidies Kick Off Global Battle for Jobs, Billions in Investment

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Massive clean-energy incentives in the U.S. have set off a global competition for green investment, spurring companies to rethink where they put their money and prompting America’s trading partners to consider their own subsidies.On Wednesday, European Union competition chief Margrethe Vestager said the bloc was preparing countermeasures to the U.S.

legislation, called the Inflation Reduction Act. She said more climate-related spending was good for the environment and EU companies, but the act contains what she called questionable provisions that run the risk of diluting the shared sense of purpose on tackling climate change.

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