Biden says climate law has ‘glitches’ after Macron criticism

  • 📰 mercnews
  • ⏱ Reading Time:
  • 77 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 34%
  • Publisher: 68%

Energy Energy Headlines News

Energy Energy Latest News,Energy Energy Headlines

Biden and Macron hold talks on Ukraine, climate, China

By COLLEEN LONG, SYVLIE CORBET and AAMER MADHANI

Biden is honoring Macron with the first state dinner of his presidency on Thursday evening, but first the two leaders met in the Oval Office to discuss difficult issues that they face. “This is extremely important … to have close coordination between us on different issues, because we want to fix the direct and indirect consequences of the war on our economies and our people, and at the same time we want to prepare for future generations a carbon neutral economy, creating a lot of jobs,” Macron said.

In Washington, Republicans are set to take control of the House, where GOP leader Kevin McCarthy has said his party’s lawmakers will not write a “blank check” for Ukraine. Across the Atlantic, Macron’s efforts to keep Europe united will be tested by the mounting costs of supporting Ukraine in the war and as Europe battles rising energy prices that threaten to derail the post-pandemic economic recovery.

“The choices that have been made … are choices that will fragment the West,” Macron said. He said the legislation “creates such differences between the United States of America and Europe that all those who work in many companies , they will just think, ‘We don’t make investments any more on the other side of the Atlantic.’”

As for the Inflation Reduction Act, the European Union has also expressed concern that tax credits, including those aimed at encouraging Americans to buy electric vehicles, would discriminate against European producers and break World Trade Organization rules.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 88. in ENERGY

Energy Energy Latest News, Energy Energy Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Biden says climate law has 'glitches' after Macron criticismPresident Joe Biden is acknowledging “glitches” in his clean energy law that have raised concerns in Europe, but says “there’s tweaks we can make” to satisfy allies
Source: WOKVNews - 🏆 247. / 63 Read more »