German Minister Habeck calls for cooperation with the United States in the field of green technology – #German #Minister #Habeck #calls #cooperation #United #States #field #green #technology
BERLIN, Feb 5 (Reuters) – German Economy Minister Robert Habeck is in Washington next week USA Ahead of meetings with Treasury Secretary Janet Yellen and other officials Europe and USA called for cooperation in the field of green investments.
“We can build a green bridge across the Atlantic and jointly build green … markets,” Germany’s Economy Ministry quoted Habeck as saying on the itinerary of the planned meetings, which will also include his French counterpart Bruno Le Maire.
Reuters on Saturday France citing officials said that Habeck and Le Maire from the meetings USAThey will use it to pressure senior US officials not to actively poach green investment from Europe amid European concerns about US green technology subsidies.
Many billion under the dollar Inflation Reduction Act (IRA), Washington will subsidize products from electric cars to solar panels that meet domestic production requirements.
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“The U.S. is now focusing its economy on green markets and driving cost reductions in the development of climate-friendly technologies,” Habeck said.
“That’s good, but it’s important that it happens in a friendly, fair competitive environment and thus leads to progress in climate-unfriendly technologies.”
EU governments are concerned that the IRA could not only unfairly disadvantage European producers, but also attract investment from Europe to the United States. It is likely that the United States will want to explore exceptions when implementing the plans.
In addition to Yellen, the two will meet with US Trade Representative Katherine Tai and Commerce Secretary Gina Raimondo, the German ministry said in a statement.
The talks will be about the US subsidy package in the context of future trade relations between the EU and the US.
Reporting by Christian Kraemer; Written by Vera Eckert; Edited by David Holmes
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2023-02-06 05:35:33
Source – reuters
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