Live from Bruegel Annual Summit
EU policy thinktank Bruegel is hosting its annual summit on where legislation should go in the next five years. Check our live updates here for the key takeaways of the day
Inflation Reduction Act (IRA)
Europe Ahead: Left’s Gusmão on following US, China path
The EU must overcome its “ideological prejudice” against government spending and adopt state-led industrial policies similar to those in the US and China to boost its faltering economy, according to the vice-chair of the European Parliament’s Committee…
Capital Markets Union best route to rival US IRA, Michel says as Letta outlines sweeping financial sector plan
“I am absolutely convinced for my part that the Capital Markets Union is the best European IRA that we can develop, since it is trillions of euros of resources that can be mobilised, which are not [mobilised] today, to stimulate, support, to develop in…
FDP Lindner defends German’s debt ceiling as ‘inflation break’
Germany’s Finance Minister Christian Lindner has defended the country’s constitutional ‘debt brake’ against criticism from his coalition partners after a ruling by the constitutional court last year aggravated the government’s budgetary constraints….
Trudeau, EU leaders talk Ukraine and climate at Canada summit
The leaders of Canada and the European Union reiterated on Friday (24 November) strong support for Ukraine in its fight against Russia’s invasion, while pledging to deepen coordination on climate efforts.
US minister defends Inflation Reduction Act against EU criticism
US Deputy Treasury Secretary Wally Adeyemo, speaking in Berlin on Tuesday (31 October), defended the Inflation Reduction Act against criticism from the EU, calling upon European countries to adopt similar policies.
Prospects dim for deals on trade at Washington EU-US summit
Prospects dimmed on Thursday (19 October) for agreements ending long-running disputes between the United States and European Union over Trump-era tariffs and US green subsidies after negotiators failed to make any breakthroughs before a White House sum…
Green investors warn EU against rollback of climate policies
Despite the transition to climate neutrality creating frictions in the short-term, politicians should not change course, investors in green technologies said, asking for clear signals that the transition will be followed through.
Biden to host EU chiefs as steel deadline looms
US President Joe Biden will host European Commission President Ursula von der Leyen and European Council President Charles Michel on 20 October, just before a deadline to resolve a bilateral dispute over steel tariffs.
EU policy ‘superior’ to US Inflation Reduction Act, say European economists
The European approach to building climate-friendly industries is “superior” to the USA’s Inflation Reduction Act (IRA), German and French economists have argued in a new paper, calling for less panic in the response to the US subsidies.
One year on, Europe is still missing a business case for industrial decarbonisation
The US Inflation Reduction Act is one year old today. Its first 90 days were enough for the US to overtake the EU’s second-place spot in producing cleantech; meanwhile, European investments in renewables halved in 2023. But Brussels still has the poten…
‘Bidenomics’ ties social conditionalities to industrial policy, but EU hasn’t followed suit
With its so-called Bidenomics, the US is leading the way in linking subsidies to social conditionalities, an approach that the EU has both criticised due to its impacts on competition and been reluctant to integrate into its industrial policy.