Germany's Economy Minister Robert Habeck has called for cooperation in green investments between Europe and the United States ahead of meetings in Washington next week with U.S. Treasury Secretary Janet Yellen and other officials.
"We can build a green bridge across the Atlantic and build joint green ... markets," the German economy ministry on Sunday quoted Habeck saying, in an itinerary of the planned meetings also involving his French counterpart Bruno Le Maire.as saying Habeck and Le Maire would use the meetings to press senior U.S. officials not to try to actively poach green investments from Europe amid European concerns about U.S. green tech subsidies.
Under the multi-billion dollar Inflation Reduction Act , Washington will subsidise products ranging from electric cars to solar panels as long as they meet requirements on being locally produced.
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