Despite propelling the clean economy forward, subsidies are creating new international trade tensions. In response to the U.S. Inflation Reduction Act (IRA), other governments are looking to support the potential of clean energy and lower-emission goods through subsidies. Amidst a rapidly evolving environment, subsidies could leave some markets behind and, without coordination, potentially delay global climate goals. Download this report to delve deeper into:
– The pivotal role that subsidies will play in steering global decarbonization;
– Trade dynamics emerging from subsidies in the IRA and Europe’s Green Deal Industrial Plan; and
– How to mitigate the risk that trade tensions will hinder international collaboration for a global clean economy.
The insights in this report are those of Climate Advisers and may not necessarily represent the perspectives of all those associated with CCAT.
