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Washington’s allies in Europe and Asia were initially outraged by its new industrial policy. Now they are scrambling for ways to catch up
Supply of resources could hit demand from clean energy transition but China dominates spending, says IEA
The US’s allies are scrambling to match Washington’s $369bn package of climate and energy measures
Also in today’s newsletter, the US clean energy jobs boom continued in 2022
Record loan from Department of Energy to help fund new factories in Tennessee and Kentucky
Domestic manufacturing and ‘friendshoring’ will struggle to supply the clean energy boom
Official says foreign subsidies are undermining renewable industries ahead of Modi’s US state visit
Biden administration’s clean energy and semiconductor incentives spur German chipmaker to review its plans
Tree Energy Solutions says Washington’s Inflation Reduction Act has accelerated the methane project
Company to spend $4bn on two new biomass plants in southern US with potentially more to follow
Treasury department unveils fresh guidance but analysts say few domestic companies could fully capitalise on the subsidy
Critics question whether generous incentives to attract foreign investment deliver value for money
Domestic heat pumps will move into the commercial mainstream in Germany next year
Ford’s deal with Chinese company CATL offers alternative model for carmakers
A scramble for workers might complicate the Federal Reserve’s efforts to cool the economy
Also in today’s newsletter, enforcement of the Russian oil price cap heats up
Joe Biden’s Inflation Reduction Act provides opportunities for labour on both sides of the Atlantic to work together
FT research shows commitments of more than $200bn to US manufacturing since IRA and Chips Act
Companies plan to spend over $200bn on clean technology and semiconductors following IRA and Chips Act
The enormous sums the US is mobilising to tackle climate change and build infrastructure won’t just benefit domestic investors.
Texas oil major says government incentives are critical to profiting from energy transition
Natural resources minister says Inflation Reduction Act has created ‘unlevel playing field’ in trade
Long-awaited tax credit guidance expands origins for critical battery minerals but not components
Influential chamber of commerce says vast nickel reserves could meet demand for electric cars and batteries
Also in this newsletter: when Big Tech pretends to be small
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