OPINION: Europe is often seen as taking the lead when it comes to the energy transition, but the US has a reputation for getting things done when it has a mind to do so.
President Joe Biden’s Inflation Reduction Act (IRA) has certainly put the US centre-stage, offering some $400 billion in subsidies for clean-energy technology for the US and its free-trade partners over 10 years.
With incentives extending to electric-vehicle manufacturing and tax credits for carbon capture and storage (CCS), there is clearly no shortage of scale, but the IRA system is also winning plaudits for its accessibility.
