The future of the planet and the global economy are entwined in a potentially risky geopolitical game.
"Questions are being asked in many [European] companies right now. Where are the incentives? Businesses are shutting down. New investments are being made in the US."
Mr Le Maire also wouldn't rule out the idea of Europe launching its own "Buy European" subsidies for green tech in response. "There will have to be a response from the European Union and that will almost certainly involve providing state aid and subsidies to European businesses. The difficulty with that is you end up in a subsidy war, a subsidy competition," he said.
"Which is why we don't just have the world's largest offshore windfarm, we've got the second largest and the third, the fourth and we've got another coming along that's biggest still." The reassurance has been that this was all aimed at China not Europe. But there is no doubt that the heads of major European manufacturers are being turned. And while the needs of net zero do tend towards more of Europe's manufacturing being done in Europe, and likewise for North America, there is a red line that shouldn't be crossed, according to one European leader.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
US states recruit European clean tech groups with green subsidies\n\t\t\tJournalists in 50+ countries follow the constant flow of money made and lost in oil & gas while\n\t\t\ttracking emerging trends and opportunities in the future of energy. Don’t miss our exclusive\n\t\t\tnewsletter, Energy Source.\n\t\t
Lire la suite »
Netherlands opposes new EU money to counter US green subsidies\n\t\t\tJournalists in 50+ countries follow the constant flow of money made and lost in oil & gas while\n\t\t\ttracking emerging trends and opportunities in the future of energy. Don’t miss our exclusive\n\t\t\tnewsletter, Energy Source.\n\t\t
Lire la suite »
Miner Albemarle cites Joe Biden’s green subsidies package as it raises guidance\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
Lire la suite »
The green M&M scandal just got even more ridiculousAttempt to end the most absurd controversy ever just causes more controversy.
Lire la suite »
Savage set to join League One strugglers Forest Green on loan from Man UnitedCharlie Savage, the son of former footballer and now-TV pundit Robbie, is set to join Forest Green on loan from Manchester United. The 19-year-old will continue his development with a temporary swi…
Lire la suite »
Meet farmer at Rabbie Burns' Ayrshire farm who saved his business by going greenEXCLUSIVE: Bryce Cunningham, who runs Mossgiel Farm, has been hailed for his groundbreaking eco efforts - after the family business nearly went bust eight years ago.
Lire la suite »