Carol Ryan of The Wall Street Journal reports on Europe’s green industrial policy.
- The European Union has launched its Green Industrial Plan which provides generous tax breaks to European-made green energy technologies.
- The launch of this plan is partially a response to the provisions of the Inflation Reduction Act that prioritize American manufacturing and industry.
- While American manufacturing and industry are important, the sector’s growth should come as a result of free trade, open markets, and work with allies.
- Protectionist policies could lead to a green trade war that would hurt consumers and the planet.
Read the full article here.
The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.