Corn ethanol and soy biodiesel accelerate food inflation and global hunger, but they’re also a disaster for the climate and the environment.
The European Union is trying to assemble the building blocks to produce electric cars, but subsidies are luring companies to the United States.
Berlin has been pushing to allow the sale of vehicles running on synthetic fuels past 2035. Its dispute with the E.U. threatened the bloc’s climate goals.
An agreement with the White House to allow electric cars made by other automakers is part of a broad drive to improve charging and increase sales of battery-powered vehicles.
If it fails or misfires, then it will greatly limit the number of tools to fight climate change or a recession.
Countries are pursuing new solutions to try to mitigate climate change. More trade fights are likely to come hand in hand.
Hanwha Qcells expects to make solar panels and their components in the United States to take advantage of President Biden’s climate policies.
The French finance minister, Bruno Le Maire, said that U.S. subsidies will inflict damage to Europe’s economy.
The French finance minister, Bruno Le Maire, said that U.S. subsidies will inflict damage to Europe’s economy.
No Republican in Congress voted for the Inflation Reduction Act. But their districts and states will greatly benefit from the investments spurred by the law.