The transatlantic rift over the Inflation Reduction Act

Published: Dec. 20, 2022, 10 a.m.

European officials have been critical of the clean energy subsidies in the Inflation Reduction Act. But that criticism has raised eyebrows in Washington, where officials say the law does exactly what Europe has long pressed the United States to do: get serious about fighting climate change. POLITICO\u2019s Karl Mathiesen breaks down the European outrage over the IRA, America\u2019s response, and how the legislation\xa0could actually influence European decarbonization policies. Plus, a new proposal from the Department of Energy aims to strengthen efficiency standards for lightbulbs.